JPMorgan CEO Jamie Dimon doubled plans to scrap work from banking jobs, and, according to the report, stinks of mouths towards staff angry about returning to the office.
At a raucous city hall meeting on Wednesday, Dimon was torn apart by a petition over the axis of a covid-era hybrid policy that allows employees to work from home two days a week.
“Don't waste your time, according to leaked recordings obtained by Reuters, Dimon said.
He also insisted that employees were not completely focused when they attended an online Zoom meeting.
“There's no chance that we'll leave it to our managers. Zero chance. The abuse that has occurred is extraordinary,” the boss, the country's biggest lender, told a stubborn audience.
He went on to suggest that anyone who is upset about his mission could choose to work elsewhere.
Dimon's comments continue to occur amid a nationwide crackdown on remote work by several major companies, including Crosstown rival Goldman Sachs.
President Trump recently signed an executive order enforcing the US government's pen pusher into his office.
But that has not stopped the stressed JPMorgan staff from making an announcement that the January 10th announcement must be placed on their desks five days a week.
The petition says The new mission will confuse you by “getting work-life balance, increasing commute costs, and dismissing lessons learned during the pandemic.”
They also pointed to the profits of JPMorgan's record 2024 $58.5 billion as a reason not to change the company's labor agreement.
CWA campaign leader Nick Weiner told Reuters.
The 68-year-old Dimon has another reason to demand that he regain his staff clock. The bank is building a $3 billion 60-storey headquarters at 270 Park Ave.
The longtime CEO, who has been working at JPMorgan's top job for 19 years, also warned at City Hall that the company needs to be more efficient and reduce its bureaucracy.
Raised last year with an eye-opening $39 million salary, Dimon recounted a story about asset management issues that require approval from 14 committees.
“I want to fire the 14-member committee chair and I can't stand it anymore,” he said. “Sorry. That's my fault. I'm the boss.”
He also cited the performance review of the bank's steering committee.
“Because of the law and the risk, regulators might say they have to look at it,” Dimon said. “I've got something, I'll throw it in a godly trash can.”
Titans on Wall Street have a reputation for tough, nonsense talks. Last year he opposed the Biden administration's enthusiastic and “silly” approach to banking regulations.
“I had it in this s-t,” Dimon told the New York Financial Big Wigs meeting on October 28th.
JPMorgan employs more than 300,000 people worldwide, but the company is reportedly preparing to lay off about 1,000 staff this month.
When asked about the layoffs, a company spokesperson said:
With post wire
