The US investment bank had already relaxed its dress code for technology staff , but is now extending the change to the majority of its 36,000 employees . A memo to staff from new CEO David Solomon and two other senior executives said that the change reflected the “ changing nature of workplaces generally in favour of a more casual environment ” . Over 75 % of Chase Its chief executive, Jamie Dimon, is often pictured without a tie. ’s employees are millennials and the bank is competing with hedge funds and investment firms , which tend to offer more relaxed workplaces . JPMorgan Chase relaxed its own dress code three years ago .
The US investment bank had already relaxed its dress code for technology staff , but is now extending the change to the majority of its 36,000 employees . A memo to staff from new CEO David Solomon and two other senior executives said that the change reflected the “ changing nature of workplaces generally in favour of a more casual environment ” . Over 75 % of Chase ’s employees are millennials and the bank is competing with hedge funds and investment firms , which tend to offer more relaxed workplaces . JPMorgan Chase relaxed its own dress code three years ago .