Last update:
During a town hall meeting, JP Morgan Chase CEO Dimon dismissed an internal petition and called for a more flexible work.
JP Morgan CEO Jamie Dimon defends strict returns-to-office policy
Jamie Dimon, CEO of JP Morgan Chase, has rejected the company’s five-day returns-to-office (RTO) policy firmly from employees to rethink the policy. During a Town Hall meeting, Dimon dismissed an internal petition, calling for a more flexible work.
“Don’t waste time on this. I do not care how many people sign that f **** ING petition, “Dimon said, according to a recording reviewed by Reuters.
On January 10, the largest American bank informed its 317,000 employees that the hybrid work model would end, compulsory to return to office five days in the week starting in February. Many employees, especially in the back-office roles, expressed concern that the change would negatively affect the work-life balance and according to a report of the Fortune, careful, senior employees, women and Will affect persons with disabilities.
More than 1,200 employees signed the petition opposing the move citing possible losses to morale, retention and efficiency. However, Dimon remained stable, saying that employees had the option to work or leave in JP Morgan. “This is an independent country,” he commented during the meeting.
Dimon has long been a critic of remote work, arguing that it disrupts productivity. “I have been working in a Godam week since Kovid, and I come in, and – where is everyone?” He said, according to Baron.
The CEO also raised the issue with distance work on Friday, saying that they often have difficulty reaching the employees that day. “Don’t give me home from that work,” works on Friday, “he said, as quoted by Fortune.” I call many people on Friday, and there is not a Goddam person you can catch. ,
Earlier, a JP Morgan Chase analyst was briefly fired after questioning Dimon’s strict return-to-office mandate. Nicolas Welch, seeking more flexibility due to personal conditions, suggested that lower level managers should decide the presence of the office. His comments were applause but were shot quickly by Dimon. According to the New York Post, Welch’s supervisor ordered him to clean and release his desk, but hours later, a senior executive reversed the decision, confirming that he was still employed.
Along with the return-to-office debate, JP Morgan Chase has begun to inform employees of the upcoming job cuts as part of his 2025 downsizing efforts. In February, less than 1,000 employees will be affected by the trimming in February with additional cuts for March, May, June, August and September.
The bank said that these trimps represent a small fraction (0.3%) of its total workforce. Despite these cuts, JPMorgan intends to hiring in some areas and re -prepare the affected employees.
