JPMorgan Chase CEO Jamie Dimon speaks up about remote work: 'there are real flaws'

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Founder and CEO of Red Balloon Andrew Crapuchettes discusses an Upwork study that shows 22% of people expect to work remotely by the year 2025 on «Varney & Co.»

Jamie Dimon on Tuesday expressed skepticism about remote work.

In an interview with The Economist, the JPMorgan Chase CEO says he tells people to «acknowledge what doesn’t work» about working from home. 

«It doesn’t work for younger kids in apprenticeships. It doesn’t really work for creativity and spontaneity,» he told the outlet. «It doesn’t really work for management teams.»

In an interview with The Economist, JPMorgan Chase CEO Jamie Dimon says he tells people to «acknowledge what doesn’t work» about working from home. (Cyril Marcilhacy / Bloomberg via Getty Images / File / Getty Images)

He argued that «there are real flaws» with remote work, mentioning his in-person management team having back-and-forth interactions and needing to do follow-ups on certain matters over the course of the day.

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In the private sector, more than 27% of establishments reported having workers that only went into the office part time or not at all in August and September, according to Bureau of Labor Statistics data published in March.

A Partnership for New York City survey released in February found that an average of 52% of office workers in Manhattan were working in person on weekdays as of January. JPMorgan Chase and many other banks have headquarters there.

Tracking productivity is easier for some positions than others, Dimon said in the interview.

A woman uses her laptop and reviews paperwork while working from home. (iStock / iStock)

«You know, to the extent it [remote work] works, I’m OK with it. If