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JPMorgan Chase CEO Jamie Dimon is standing firm on his demand that employees return to the office full time, brushing off internal calls for hybrid work and saying in-person collaboration is key to professional growth.
Speaking at a conference in Riyadh this week, Dimon argued that younger bankers miss out on crucial mentorship opportunities when working remotely. “I’m not making fun of Zoom, but younger people are being left behind,” he said. “If you look back at your careers, you learned a little bit from the apprentice system. You were with other people who took you on a sales call or told you how to handle a mistake. That doesn’t happen when you’re in a basement on Zoom.”His comments come a week after a petition signed by about 2,000 JPMorgan employees called for the bank to reinstate hybrid working options. The petition, launched earlier this year, followed the company’s January announcement that it was ending remote work for most of its more than 300,000 employees.The bank’s return-to-office mandate has triggered frustration among staff, particularly in back-office roles, with internal message boards flooded with complaints.
Dimon has previously taken a hard line against remote work. In February, he dismissed the petition outright, saying, “I don’t care how many people sign that f—ing petition,” and warned that anyone unwilling to come into the office daily could “find a new job.
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When Jamie Dimon slammed demand for 'work from home' in Town Hall
In February this year, JPMorgan CEO Dimon slammed calls from some employees to soften the bank's five-day return-to-office policy in an animated town hall meeting.
According to a Reuters report, employees at the largest US bank have complained on internal message boards and chats about losing hybrid working arrangements, and one group launched an online petition urging Dimon to reconsider.When asked about the in-person work policy during the staff meeting, he said: "Don't waste time on it. I don't care how many people sign that fucking petition," he said, drawing some laughter.In-office requirements will not be left up to managers, Dimon said. "There is no chance that I will leave it up to managers," he said. "Zero chance. The abuse that took place is extraordinary." “I’ve had it with this stuff,” he said at the time. “I’ve been working seven days a goddamn week since COVID, and I come in — where is everybody else?”
Jamie Dimon apology for using expletives in Town Hall
While Dimon later apologized for using profanity, saying he should “never curse, ever,” he maintained that remote work undermines efficiency and creativity. Dimon, who has led JPMorgan for 19 years, received $39 million in total compensation in 2024.
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