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JPMorgan’s CEO Jamie Dimon aggressively defended his decision to end remote work policies during a heated town hall meeting, dismissing a petition signed by nearly 1,300 employees protesting the change in workplace arrangements.
“Don’t waste time on it. I don’t care how many people sign that f—–g petition,” Dimon declared, according to a leaked recording obtained by Reuters.
The banking executive criticized employee focus during virtual meetings and emphasized that managers would have no authority to grant exceptions to the office attendance requirement.
Jamie Dimon on employees protesting the JP Morgan five-day return-to-office policy:
“Don't waste my time on it. I don't care how many people sign that fucking petition.” pic.twitter.com/6ozhutTo7u
— Geiger Capital (@Geiger_Capital) February 13, 2025
“There is no chance that I will leave it up to managers. Zero chance. The abuse that took place is extraordinary,” Dimon told his workforce, suggesting dissatisfied employees could seek employment elsewhere.
The return-to-office mandate, announced January 10, requiring five-day office attendance, has sparked significant employee pushback. Workers argue the policy disrupts their work-life balance, increases commuting expenses, and overlooks pandemic-era lessons.
Employees referenced the bank’s substantial 2024 profits of $58.5 billion as justification for maintaining flexible arrangements, with some even exploring union representation through the Communications Workers of America.
Dimon’s stance aligns with a broader return-to-office movement, including similar policies at Goldman Sachs and recent federal government mandates. The CEO’s position is partially motivated by JPMorgan’s new $3 billion headquarters, featuring amenities like a yoga studio and Irish pub.
https://twiitter.com/NevinBarich/status/1890080375784849751
During the town hall, Dimon also targeted organizational inefficiencies, expressing frustration with excessive bureaucracy. “I feel like firing 14 chairmen of committees, I can’t stand it anymore,” he said. “I’m sorry. It’s my fault. I’m the boss.”
The outspoken executive, who earned $39 million last year, has a history of direct communication. At an October finance conference, he criticized banking regulations, stating, “I’ve had it with this s–t.”
While JPMorgan, employing over 300,000 people globally, plans approximately 1,000 layoffs, their spokesperson emphasized ongoing recruitment, noting “14,000 open positions.”
