JPMorgan Chase CEO Jamie Dimon dismissed the 1,312 workers 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 told its over 300,000 employees final month they might 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 staff 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, will not be moved.
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“Do not waste time on it,” Dimon acknowledged when workers requested him in regards to the petition throughout the city corridor assembly, in accordance 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 by way of Getty Pictures
Dimon mentioned that whereas distant working, some workers failed to concentrate throughout Zoom conferences, which introduced down their creativity and effectivity. He additionally would not like being unable to speak to workers 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 employees 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 workers 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 most certainly to at the moment work on a hybrid schedule and be affected by the change.
JPMorgan follows corporations 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 assets. It reportedly laid off fewer than 1,000 workers earlier this month.
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