{"id":15192,"date":"2025-02-25T22:09:00","date_gmt":"2025-02-25T22:09:00","guid":{"rendered":"https:\/\/imsfund.com\/?p=15192"},"modified":"2025-02-25T22:09:00","modified_gmt":"2025-02-25T22:09:00","slug":"jpmorgan-ceo-jamie-dimon-regrets-cursing-but-stands-by-rto","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2025\/02\/25\/jpmorgan-ceo-jamie-dimon-regrets-cursing-but-stands-by-rto\/","title":{"rendered":"JPMorgan CEO Jamie Dimon Regrets Cursing But Stands By RTO"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>JPMorgan Chase CEO Jamie Dimon says that despite <a href=\"https:\/\/www.entrepreneur.com\/business-news\/jpmorgans-return-to-office-mandate-spurs-internal-pushback\/485483\" rel=\"follow\" target=\"_self\">employee pushback<\/a>, and <a href=\"https:\/\/www.coworker.org\/petitions\/professional-dignity\" rel=\"follow\" target=\"_self\">a petition<\/a> signed by over 1,800 staff at the time of writing, most of JPMorgan&#8217;s <a href=\"https:\/\/www.entrepreneur.com\/business-news\/jpmorgan-to-implement-a-five-day-return-to-office-mandate\/485281\" rel=\"follow\" target=\"_self\">300,000 employees<\/a> are still returning to the office full-time in March.<\/p>\n<p>However, he admitted that he shouldn&#8217;t have <a href=\"https:\/\/www.entrepreneur.com\/business-news\/jpmorgans-ceo-doesnt-care-about-the-hybrid-work-petition\/487073\" rel=\"follow\" target=\"_self\">cursed while speaking about it<\/a> at a town hall in Ohio earlier this month.<\/p>\n<p>&#8220;I should never curse, ever,&#8221; Dimon said in <a href=\"https:\/\/www.cnbc.com\/2025\/02\/24\/cnbc-exclusive-transcript-jpmorgan-chase-chairman-ceo-jamie-dimon-speaks-with-cnbcs-leslie-picker-on-the-exchange-today.html\" rel=\"follow\" target=\"_self\">an interview with CNBC<\/a> on Monday. &#8220;And I shouldn&#8217;t get angry and stuff like that.&#8221;<\/p>\n<p>When addressing questions about the RTO mandate in mid-February, Dimon said, &#8220;Don&#8217;t give me the s&#8212; that &#8216;work from home Friday&#8217; works.&#8221; He also said that JPMorgan was sticking with its return-to-office policy and he didn&#8217;t care &#8220;how many people sign that f&#8212;ing petition.&#8221;<\/p>\n<p><b>Related: <\/b><a href=\"https:\/\/www.entrepreneur.com\/business-news\/jpmorgans-jamie-dimon-hopes-elon-musks-doge-is-successful\/487549\" rel=\"follow\" target=\"_self\">Jamie Dimon Says the U.S. Government Is &#8216;Not Very Competent&#8217; and Hopes Elon Musk&#8217;s DOGE Is &#8216;Quite Successful&#8217;<\/a><\/p>\n<p>Though Dimon&#8217;s delivery may have changed since the town hall, his core message has not. He told CNBC that he stands by in-person work and explained the move from three days in the office to five was in the best interests of JPMorgan and its clients.<\/p>\n<p>&#8220;I completely respect people that don&#8217;t want to go to the office all five days a week,&#8221; Dimon stated, adding, &#8220;They can get a job elsewhere.&#8221;<\/p>\n<p><img decoding=\"async\" alt=\"\" class=\"lazyload\" loading=\"lazy\" role=\"presentation\" src=\"https:\/\/assets.entrepreneur.com\/images\/misc\/1740506290_Jamie-Dimon-GettyImages-2179871818.jpg?width=1000\" style=\"height:667px; width:1000px\" width=\"1000\" height=\"667\"\/><sup><i>JPMorgan CEO Jamie Dimon. Photographer: Kent Nishimura\/Bloomberg via Getty Images<\/i><\/sup><\/p>\n<p>According to Dimon, JPMorgan is not entirely against remote work, with 10% of the bank&#8217;s jobs operating on a fully remote basis \u2014 and staying that way even after the return-to-office mandate. For example, the bank has built virtual call centers in <a href=\"https:\/\/www.jpmorganchase.com\/newsroom\/press-releases\/2023\/jpmorgan-chase-announces-new-virtual-call-center-baltimore\" rel=\"follow\" target=\"_self\">Baltimore<\/a> and <a href=\"https:\/\/www.jpmorganchase.com\/newsroom\/press-releases\/2023\/jpmorgan-chase-announces-new-virtual-call-center-baltimore#:~:text=In%202022%20Chase%20piloted%20a,customer%20service%20specialists%20in%20Michigan.\" rel=\"follow\" target=\"_self\">Detroit<\/a> that collectively employ more than 100 remote workers.<\/p>\n<p>But while working from home may make sense for virtual call centers, Dimon doesn&#8217;t think it should apply to all JPMorgan employees. According to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-07\/jpmorgan-planning-to-bring-staff-back-to-office-five-days-a-week\" rel=\"follow\" target=\"_self\">Bloomberg<\/a>, 60% of JPMorgan staff, including managing directors and salespeople, are already at the office five days per week. The switch to fully in-person work in March affects back-office staff who currently work on a hybrid schedule.<\/p>\n<p>&#8220;I&#8217;m not against work-from-home,&#8221; Dimon told CNBC. &#8220;I&#8217;m against where it doesn&#8217;t work&#8230; We&#8217;re not going to change. We&#8217;re going back to the office.&#8221;<\/p>\n<p><b>Related:<\/b> <a href=\"https:\/\/www.entrepreneur.com\/business-news\/jpmorgan-employees-disappointed-by-2024-bonus-checks-report\/486073\" rel=\"follow\" target=\"_self\">&#8216;Feels Like a Slap in the Face&#8217;: Some JPMorgan Employees Reportedly Aren&#8217;t Happy With Their Bonuses<\/a><\/p>\n<p>JPMorgan first announced a <a href=\"https:\/\/www.entrepreneur.com\/business-news\/jpmorgan-to-implement-a-five-day-return-to-office-mandate\/485281\" rel=\"follow\" target=\"_self\">strict return-to-office policy<\/a> last month, with plans to implement it in March. Staff immediately flooded an internal website with <a href=\"https:\/\/www.barrons.com\/articles\/jpmorgan-chase-back-to-office-employees-72121f66\" rel=\"follow\" target=\"_self\">over 300 comments<\/a> calling out the policy&#8217;s negative impact on their commute and work-life balance. Employees circulated a petition addressed to Dimon calling for hybrid work to be the default mode of work at the bank. The petition has received 1,803 signatures as of press time.<\/p>\n<p>JPMorgan is the largest bank in the U.S., with <a href=\"https:\/\/www.jpmorgan.com\/about-us#:~:text=We%20are%20a%20leading%20global,%243.9%20trillion%20and%20operations%20worldwide.\" rel=\"follow\" target=\"_self\">$3.9 trillion<\/a> in assets. In mandating five days back in the office, the bank follows the examples of companies like <a href=\"https:\/\/www.entrepreneur.com\/business-news\/amazon-ceo-this-is-why-employees-must-work-in-office-rto\/482473\" rel=\"follow\" target=\"_self\">Amazon<\/a>, <a href=\"https:\/\/www.entrepreneur.com\/business-news\/sams-club-cto-quits-over-walmarts-return-to-office-mandate\/481704\" rel=\"follow\" target=\"_self\">Walmart<\/a>, and <a href=\"https:\/\/www.entrepreneur.com\/business-news\/verizon-tries-to-recruit-talent-from-att-after-rto-mandate\/487595\" rel=\"follow\" target=\"_self\">AT&amp;T<\/a>.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.entrepreneur.com\/business-news\/jpmorgan-ceo-jamie-dimon-regrets-cursing-but-stands-by-rto\/487602\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan Chase CEO Jamie Dimon says that despite employee pushback, and a petition signed by over 1,800 staff at the time of writing, most of JPMorgan&#8217;s 300,000 employees are still returning to the office full-time in March. However, he admitted that he shouldn&#8217;t have cursed while speaking about it at a town hall in Ohio [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15193,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/assets.entrepreneur.com\/content\/3x2\/2000\/1740505942-Jamie-Dimon-GettyImages-2179871818.jpg?format=pjeg&auto=webp","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-15192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/15192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/comments?post=15192"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/15192\/revisions"}],"predecessor-version":[{"id":15194,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/15192\/revisions\/15194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media\/15193"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=15192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=15192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=15192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}