JPMorgan employees describe the 'fear of God' and 'panic' as the company tracks their office attendance

Employees say that tracking office attendance is creating an atmosphere of distrust and panic.

According to Insider, the banking giant has taken to monitoring employee ID swipes in order to enforce its return-to-office policies. The data helps generate reports that are used to enforce the in-office quota.

According to a copy of an internal email viewed by Insider, hybrid employees have been told to work from the office at least three days a week.

Half of the bank's global employees must return to the office five days a week, while 40% can follow a hybrid schedule with some days at home and some in the office, according to a recent letter from the CEO. The bank has more than 270,000 employees.

The enforcement actions have made people angry.

A London-based technology staffer told Insider that nobody trusts you at JP Morgan.

A senior asset-management executive in London told Insider that the return-to-office measures are not a hit with managers.

I don't know if it's because they are too timid or if the fear of God has been put into them by the bank manager.

Insider spoke to two London-based employees who said they were looking for work elsewhere.

The full story can be read here.