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 every 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. Staff 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 through the city corridor assembly, in line with a recording obtained by Reuters. “I do not care how many individuals signal that f—ing petition.”
JPMorgan CEO Jamie Dimon. Picture Credit score: Manuel Orbegozo/Bloomberg through Getty Photos
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 well-liked work-from-home day.
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JPMorgan noticed a report $58.5 billion in income 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 report 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 staff are probably to presently 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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