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JP Morgan CEO Jamie Dimon slams Work From Home petition, then fires employee for this
India Today
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2/19/2025
JPMorgan CEO Jamie Dimon shuts down a petition against the five-day return-to-office mandate, calling remote work ineffective.
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00:00
Now, you have a choice. You don't have to work at JPMorgan.
00:03
About 950 people had signed a petition against a five-day return to office mandate at JPMorgan
00:09
and this is how their CEO Jamie Dimon responded.
00:12
I can't stand it anymore.
00:14
Dimon fiercely criticized the work-from-home culture during a town hall meeting in Columbus, Ohio.
00:20
And he wasn't holding back.
00:21
It simply doesn't work.
00:23
Nicholas Welch, an employee, was reportedly fired after questioning the return to office mandate
00:28
while dealing with the divorce and childcare issues.
00:31
It doesn't work for creativity. It slows down decision-making.
00:34
And don't give me the s**t that work-from-home Friday works.
00:37
I call a lot of people on Friday. They're not a godd**n person you can get a hold of.
00:41
But here are the problems, okay, and they are substantial, okay,
00:46
which is the young generation is being damaged by this.
00:49
They may or may not be on your particular staff, but they are being left behind.
00:53
They're being left behind socially, ideas, meeting people.
00:57
Out of the companies Bringing Bank returned to office in 2024, 81% think it will boost revenue.
01:03
Another 81% say it will level up company culture.
01:06
And 83% believe it will make employees more productive.
01:10
In Dimon's defense, he emphasized that if the CEO can't come in, then why not the employees?
01:15
And, you know, I come in, you know, I've been working seven days a godd**n week since COVID.
01:19
And I come in and I'm like, where's everybody else?
01:22
But here and there and the Zooms, and the Zooms don't show up.
01:26
According to Forbes, JP Morgan outperformed all expectations in 2024,
01:30
raking in $42.7 billion in total revenue.
01:33
That's a 7% jump from the previous year, despite their employees working from home.
01:38
Well, let's just weigh the pros and cons of the work from home culture.
01:41
According to a Goldman Sachs report, over the past decade, there have been mixed results,
01:46
with productivity impacts ranging from minus 19% to positive 13%.
01:51
Cutting out the commute can boost mental health and reduce distractions.
01:54
But not always.
01:55
Hybrid workers are often just as productive as full-time office workers,
01:59
are less likely to quit, and can save companies money on office costs.
02:03
No wonder over 20% of businesses are planning to make remote work a permanent model,
02:08
according to the latest UK stats.
02:10
The cons? Remote work misses out on non-verbal cues and spontaneous interactions
02:15
that fuel collaboration and innovation.
02:17
The absence of an office environment can make it harder for some to stay focused and motivated.
02:22
Well, what do you think? Is JP Morgan out of touch, or does Diamond have a point?
02:26
Drop your thoughts in the comments below.
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