J.P. Morgan Moves Investment Bankers Into Open Office Spaces [Fortune]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Fortune
J.P. Morgan Moves Investment Bankers Into Open Office Spaces By Erik Sherman 8:34 AM EST shared desks Walls came tumbling down for J.P. Morgan’s investment bankers in San Francisco and are in the process in Dallas, Phoenix, and Columbus, Ohio. Instead of private offices, there are booths like you might see in a diner, quiet zones, and big tables to share. Goldman Sachs Morgan Stanley The motivation is, appropriately enough, money. By eliminating physical offices, J.P. Morgan (jpm) above $80 a square foot San Francisco Chronicle prices are around $31 Dallas office space Dallas Business Journal But there may be other prices to pay. Status becomes a significant factor for employees in banking. “We have historically been very hierarchical,” Noah Wintroub, a San Francisco-based vice chairman of investment banking at J.P. Morgan, told the Wall Street Journal And, as studies have shown, open office designs can actually decrease personal collaboration Fast Company SPONSORED FINANCIAL CONTENT
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