JP Morgan Chase CEO Jamie Dimon has strongly rejected the call from employees to reconsider the company’s five-day return-to-office (RTO) policy. During a Town Hall meeting, Mr. Dimon dismissed an internal petition, urging for a more flexible work.
“Don’t waste time on this. I don’t care how many people sign that f **** petition,” he said, according to A. Roots-Ravude Recording.
On January 10, the largest American bank informed its 317,000 employees that hybrid work would end, all employees would need to return to office five days in the week starting in February. Many employees, especially back-office staff, voicing concerns, negatively affected by the work-life balance and unevenly affected care, affect senior employees, women and disabled persons, Luck Informed
More than 1,200 employees signed a petition opposing the mandate, citing concerns on morale, retention and efficiency. But Mr. Dimon said that employees had the option to work or leave in JP Morgan. “This is an independent country,” he commented during the meeting.
The CEO has long criticized distant work, claiming that it is a hindrance to productivity. As Baronal,
Mr. Dimon also worked remote on Friday, saying that he often struggled to reach the employees that day. “Don’t give me home from that work, works on Friday,” he said, as quoted in Fortune. “I call many people on Friday, and there is not a Godam person you can catch.”
Earlier, a JP Morgan Chase analyst was briefly fired after Shri Dimon questioned the strict return-to-office mandate. Nicholas Welch, who is undergoing divorce and needs flexibility of work, suggested that the lower level managers should decide the presence of the office. His comment was applauded, but was immediately closed by Mr. Dimon, who completely rejected the idea, Ny post,
Shortly after the meeting, Mr. Welch’s supervisor ordered him to clean and leave his table. But hours later, a senior executive reversed the decision, saying that he was still working.
Along with RTO controversy, JP Morgan Chase has also started informing employees Upcoming job cut As part of its downsizing efforts for 2025. Sorting will affect less than 1,000 employees in February, with additional cuts for March, May, June, August and September.
The bank said that this trimming was a small fraction (0.3 percent) of its total workforce. Despite these cuts, JP Morgan planned to hiring in some areas and re -prepare the affected employees.
