Furious JP Morgan employees push again at Jamie Dimon’s five-day workplace return edict | EUROtoday

Some disgruntled JPMorgan Chase employees are pushing again towards CEO Jamie Dimon’s five-day return to workplace edict — however others fear defying orders can be a “career suicide,” in line with a report.

Dimon’s return-to-office orders in early 2025 prompted a petition in search of to reverse the change. The petition has been signed by about 2,000 of the financial institution’s 300,000-plus world workers.

But many workers are terrified of the results of talking out. One nameless JPMorgan worker advised the Financial Times they believed including their identify to the petition can be “career suicide.”

Workers at one in every of America’s greatest banks expressed their bewilderment at their boss’s insistence on a full return to workplaces, though many members of various groups are situated all throughout the globe.

“My team is spread out through two continents and three time zones. JPMorgan is a global company — why can’t that include my home office?” a staffer who signed the petition stated.

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Other workers famous the financial institution’s strict stance undercuts some skilled beneficial properties made because of hybrid work.

“Hybrid is working and employees love the happy medium. Please don’t force working women completely out of the workforce,” one sad staffer stated.

Dimon introduced the five-day return to workplace coverage on January 10, 2025, forward of a March 2025 begin date. Soon after asserting the change, Dimon went viral for foul-mouthed remarks he made concerning the worker petition throughout a raucous city corridor assembly.

“Don’t waste time on it. I don’t care how many people sign that ******* petition,” he stated on the time after being requested concerning the petition.

Dimon’s expletive-filled rant could also be fueling considerations amongst workers that signing on to the petition might hurt their careers.

A London-based banker advised FT that the large funding financial institution bosses appeared to look down upon distant work greater than bosses in different fields would.

“They want their pound of flesh,” the banker stated. “Despite making record profits during Covid, when remote working was the norm, there is still the view that if you’re working from home you’re ultimately ineffective. Managers want to be able to see you.”

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The banker questioned whether or not older managers held the idea that distant work is insufficient as a result of they really feel “resentful of younger employees being able to work flexibly when they themselves spent decades slumped over company desks.”

There could also be some reality to that mind-set. Tom Andrews, senior supervisor in monetary providers at Robert Walters, advised FT that funding bankers have “long-entrenched cultures of intense hours spent in the office, experienced first-hand by more senior leaders who expect the same commitment from junior staff.”

Another consider pushing for the return to the workplace is the price of workplace house. JPMorgan has spent billions, most just lately shelling out $3 billion to construct a brand new New York City headquarters, on its workplaces.

The Independent has contacted JPMorgan for remark.