JPMorgan Chase CEO Jamie Dimon dismissed the 1,312 staff who signed a petition calling for the financial institution to maintain its hybrid work coverage, telling staff in a Wednesday city corridor assembly that the five-day return-to-office mandate would nonetheless go into impact.
JPMorgan informed its over 300,000 staff final month they’d be required to be again within the workplace 5 days per week beginning in March. The return-to-office (RTO) mandate instantly obtained pushback, with a whole bunch of JPMorgan workers commenting on an inside channel. Workers even circulated a petition with 1,312 signatures (on the time of writing) calling for hybrid work to stay the financial institution’s default coverage.
Dimon, it appears, is just not moved.
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“Do not waste time on it,” Dimon acknowledged when staff requested him in regards to the petition in the course of the city corridor assembly, in keeping with a recording obtained by Reuters. “I do not care how many individuals signal that f—ing petition.”
JPMorgan CEO Jamie Dimon. Photograph Credit score: Manuel Orbegozo/Bloomberg by way of Getty Photographs
Dimon mentioned that whereas distant working, some staff failed to concentrate throughout Zoom conferences, which introduced down their creativity and effectivity. He additionally does not like being unable to speak to staff on Fridays, a preferred work-from-home day.
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JPMorgan noticed a file $58.5 billion in earnings throughout 2024, main some staff to ask why the financial institution wanted them again within the workplace full-time in 2025 if it proved capable of drive file outcomes even whereas some staff labored on a hybrid schedule, per Reuters.
Based on Bloomberg, 60% of JPMorgan workers already work from the workplace 5 days per week, together with managing administrators and salespeople. Again-office staff are almost definitely to at the moment work on a hybrid schedule and be affected by the change.
JPMorgan follows firms like Amazon and Walmart in implementing a strict RTO coverage. The financial institution is the biggest within the U.S., with $3.9 trillion in belongings. It reportedly laid off fewer than 1,000 staff earlier this month.
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