Senior bankers are sounding the alarm: working from home is at risk of not working anymore.
“I don’t think it’s sustainable,” Barclays Plc Chief Executive Officer Jes Staley said Tuesday at the World Economic Forum. JPMorgan Chase & Co.’s asset- and wealth-management boss, Mary Erdoes, agreed.
In the corporate world, “if you ask anyone today, it feels like it is fraying, it’s hard, it takes a lot of inner strength and sustainability every single day to continue to focus and to not have the energy you get from being around other people,” she said.
Both executives spoke by videoconference as the pandemic has meant the WEF has gone virtual for the first time, rather than its usual mass gathering of prominent corporate and government figures in the Swiss ski resort of Davos.
Staley said: “It will increasingly be a challenge to maintain the culture and collaboration that these large financial institutions seek to have and should have.”
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