Overview
- Speaking at the Future Investment Initiative, Dimon said remote work leaves younger staff behind and that mentorship, sales training, and error management suffer outside the office.
- Roughly 2,000 employees signed a petition seeking reinstatement of hybrid work after JPMorgan moved in January to end remote arrangements for most of its 300,000-plus workforce.
- Internal message boards have filled with complaints from staff, particularly in back-office roles, over the mandate to be on site five days a week.
- In a February town hall, Dimon dismissed the petition with profanity, later apologized for his language, and told those unwilling to return that they could find another job.
- The policy push comes as the bank reported strong profits, cut about 1,000 jobs, and directed teams to boost efficiency by 10% while trimming reports, meetings, and training.