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 employees in a Wednesday city corridor assembly that the five-day return-to-office mandate would nonetheless go into impact.
JPMorgan advised its over 300,000 staff final month they’d be required to be again within the workplace 5 days every week beginning in March. The return-to-office (RTO) mandate instantly obtained pushback, with a whole lot of JPMorgan workers commenting on an inner 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, just isn’t moved.
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“Do not waste time on it,” Dimon acknowledged when staff requested him concerning the petition throughout 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 through Getty Photos
Dimon stated that whereas distant working, some staff failed to concentrate throughout Zoom conferences, which introduced down their creativity and effectivity. He additionally would not like being unable to speak to staff on Fridays, a preferred work-from-home day.
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JPMorgan noticed a document $58.5 billion in income throughout 2024, main some employees to ask why the financial institution wanted them again within the workplace full-time in 2025 if it proved in a position to drive document outcomes even whereas some staff labored on a hybrid schedule, per Reuters.
In line with Bloomberg, 60% of JPMorgan workers already work from the workplace 5 days per week, together with managing administrators and salespeople. Again-office employees are almost certainly to at present 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 property. It reportedly laid off fewer than 1,000 employees earlier this month.
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