JPMorgan Chase CEO Jamie Dimon recently reaffirmed the firm’s five-day return to work policy, sparking backlash from employees who signed a petition to halt the decision. When asked about the in-person work requirement and the growing number of signatures on the petition, Dimon dismissed it, saying “Don’t waste time on it.” He also stated that workers have a choice whether to work at JPMorgan and urged them not to be mad at him.
Dimon claimed that employees had been neglecting their work during Zoom calls, which decreased productivity and ability to think creatively. He expressed frustration with the delay in decision-making within the organization, saying he feels like firing 14 chairmen of committees can’t stand it anymore.
The company has over 300,000 employees globally and plans to fire over 1,000 employees this month. The return-to-office policy is part of a trend followed by other financial giants such as Morgan Stanley and Goldman Sachs, who claim it improves the atmosphere at work and learning.
In January, JPMorgan announced its new policy with a 30-day notice period for affected employees. Employees were advised to ask their boss for permission if they needed more time to prepare for the return to work. Despite this warning, some workers have chosen to seek help from the Communications Workers of America trade union to form a union.
Dimon’s stance on the matter has been met with criticism, but he remains committed to his policy, saying “I’m sorry, I am the boss.” His position is likely to continue to be tested as employees and unions push back against the return-to-office requirement.
Source: https://www.hindustantimes.com/world-news/us-news/jpmorgan-ceo-berates-workers-over-petition-filed-to-halt-5-day-back-to-office-rule-i-m-the-boss-101739456813429.html