JPMorgan Chase on Thursday instructed managers to implement a plan to have staff primarily based in places of work in Manhattan, Brooklyn and Jersey Metropolis to begin working from residence starting on Friday.

"We're asking our managers to rearrange for no fewer than 25% and no better than 50% of their group members who can successfully earn a living from home, to start doing so by the tip of this week," in accordance with a memo obtained by CNBC, which was despatched to workers Thursday morning.

The transfer is more likely to be adopted be different giant New York-area employers. JPMorgan stated it was following the request of Gov. Andrew Cuomo to scale back the density of employees at places of work and taking mass transit. Nonetheless, sending large swaths of staff residence, as tech giants like Google and Amazon have carried out, indicators an escalation in ways because the coronavirus continues to unfold.

JPMorgan stated employees could be cut up into two or extra...