JP Morgan Chase CEO Jamie Dimon has once again defended the company’s return to office (RTO) mandate. In an interview with Bloomberg Television recently, Dimon said “I think our employees will be happier over time” He further added “And the younger people learn the right way, it is an apprenticeship system and you can't learn working from your basement.”
JPMorgan , like many major companies, has pushed for a return to office after the pandemic, requiring most employees to work from the office several days a week. Speaking at JPMorgan's annual Global Markets Conference in Paris, Dimon said “"I completely applaud your right to not want to go to the office every day. But you're not going to tell JPMorgan what to do."
Dimon, a long-time critic of remote work, has been vocal about the need for in-person collaboration. In the past, he has argued that remote work affects productivity and hinders learning for junior staff.
Jamie Dimon defends Return to Office
JPMorgan issued a five-day return-to-work mandate for most of its employees earlier this year. In his annual shareholder letter last year, he reflected on the company’s performance, acknowledging that while JPMorgan had seen strong growth over the last five years, it had also picked up some “bad habits.”
“Working from home exacerbated the situation by hindering innovation, slowing decision-making, inhibiting information sharing, reducing efficiency, and creating more politics and bureaucracy,” he wrote.
"Remote work eliminates much spontaneous learning and creativity because you don't run into people at the coffee machine, talk with clients in unplanned scenarios or travel to meet with customers and employees for feedback on your products and services," he wrote in an annual shareholder letter in 2021.
When JP Morgan CEO dismissed hybrid work practices
In a leaked audio recording obtained by Business Insider, Dimon said, "A lot of you were on the fu**ing Zoom and you were doing the following: looking at your mail, sending texts to each other about what an asshole the other person is, not paying attention, not reading your stuff."
Criticising hybrid models, he said in the leaked audio, "Don't give me this s**t that work-from-home-Fridays works. I call a lot of people on Fridays, and there's not a goddamn person you can get a hold of."
JPMorgan , like many major companies, has pushed for a return to office after the pandemic, requiring most employees to work from the office several days a week. Speaking at JPMorgan's annual Global Markets Conference in Paris, Dimon said “"I completely applaud your right to not want to go to the office every day. But you're not going to tell JPMorgan what to do."
Dimon, a long-time critic of remote work, has been vocal about the need for in-person collaboration. In the past, he has argued that remote work affects productivity and hinders learning for junior staff.
Jamie Dimon defends Return to Office
JPMorgan issued a five-day return-to-work mandate for most of its employees earlier this year. In his annual shareholder letter last year, he reflected on the company’s performance, acknowledging that while JPMorgan had seen strong growth over the last five years, it had also picked up some “bad habits.”
“Working from home exacerbated the situation by hindering innovation, slowing decision-making, inhibiting information sharing, reducing efficiency, and creating more politics and bureaucracy,” he wrote.
"Remote work eliminates much spontaneous learning and creativity because you don't run into people at the coffee machine, talk with clients in unplanned scenarios or travel to meet with customers and employees for feedback on your products and services," he wrote in an annual shareholder letter in 2021.
When JP Morgan CEO dismissed hybrid work practices
In a leaked audio recording obtained by Business Insider, Dimon said, "A lot of you were on the fu**ing Zoom and you were doing the following: looking at your mail, sending texts to each other about what an asshole the other person is, not paying attention, not reading your stuff."
Criticising hybrid models, he said in the leaked audio, "Don't give me this s**t that work-from-home-Fridays works. I call a lot of people on Fridays, and there's not a goddamn person you can get a hold of."
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