Jamie Dimon slams office petitioners for anti-returns
Jamie Dimon, CEO of JPMorgan Chase, has revealed the latest concerns about the US economy and the expected impact of looming banking regulations.
Jamie Dimon, CEO of JP Morgan The Wall Street giant was attacked by an employee who had insisted on facilitating its five-day return office policy.
“Don’t waste your time. I don’t care how many people will sign that petition,” he was asked about his in-person work policy at a town hall meeting on Wednesday, according to a reviewed recording. When Dimon said by Reuters.
Dimon had mentioned a petition that was circulating among workers groups opposed the company’s latest policy, which had requested hybrid workers return to offices full time.
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The company told employees New policies came into effect in January and March, effectively disbanding the hybrid model. According to Reuters, 950 people have ignited frustration among certain staff members, with 950 people signing petitions repealing the policy. Still, that figure pales in comparison to the global workforce of banks, which totals over 317,000 employees.
However, more than 60% of employees were already in the office full-time, even before the announcement.
JPMorgan declined to comment.
Jamie Dimon of the International Institute of Finance at the annual general meeting of the IMF and World Bank in Washington, DC, on October 24, 2024. (Kent Nishimura / Bloomberg Via / Getty Images)
Dimon also argued at City Hall that the manager, who had “no chances,” would be allowed to determine the requirements within the office, stating that “the abuse that took place is extraordinary.”
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From the beginning of the pandemic, Dimon revealed he is opposed to remote work, given his productivity has been hampered. At that town hall, Dimon even pointed out that he struggled to pay attention while zooming, and he struggled to reduce efficiency and creativity.
JP Morgan Chase Tower is located on Park Avenue in Manhattan, New York. (Tim Clayton / via Corvis / Getty Images)
His company was one of the first rivals to ease restrictions on offices during the pandemic. Reports show that the top traders were recalled to the office in late 2020, but the following year, most employees returned on a rolling basis the following year. The managing director returned full time in April 2023.
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For the time being, profits have risen to record highs in 2024 thanks to a revival, so they are on track. In mid-January, JPMorgan reported nearly $43.74 billion in managed revenue in the fourth quarter. Quarterly net income was $14 billion, a jump of 50% year-on-year.
The assets were $4 trillion According to the company, it will have $345 billion in shareholders’ equity at the end of 2024.