Jamie Dimon's 'tone deaf' return to office mandate is getting pushback from JPMorgan staffers, who are complaining about being stuck on Zoom calls even while in the office: Reuters
In an over 700-word memo on April 12, JPMorgan's operating committee told employees that all managing directors must work from the office five days a week, breaking from a previous hybrid work arrangement,Attendance would be considered in performance appraisals and could even result in"corrective action," the memo read.
But that note rubbed some workers the wrong way, who took to the company's internal messaging system to vent, according to responses to the note seen by Reuters.complained about several things — including long commute times, and a"Zoom culture" where they have to attend virtual meetings despite being in the office, per Reuters.
"Most people on my team live pretty far from the office," Reuters reported, citing one employee's response to the memo."Being stuck in traffic more often and paying even more for gas is not good for myself and many others." While only a small part of the entire JPMorgan workforce commented on the memo, the number was significant in relation to the typical level of activity on the internal forum, Reuters reported, citing three employees of varying seniority. The comments section on the memo was locked a day after it was posted, which is standard procedure for high-engagement posts in JPMorgan's internal system, a source told Reuters.
JPMorgan did not immediately respond to Insider's request for comment sent outside regular business hours. The company declined to comment to Reuters. Dimon isn't the only high profile CEO pushing for more of his staff to get back to working from the office.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: US allowed JPMorgan payment route for Russian grain exportThe United States gave JPMorgan permission to process payments for agricultural exports via the Russian Agricultural Bank, but the arrangement was no substitute for reconnecting the bank to the SWIFT system, two Russian sources told Reuters.
Read more »
Houston's JPMorgan Chase tower to keep title as Texas' tallest building after Austin project changeHouston's JPMorgan Chase tower remains tallest in Texas after Wilson Capital Tower in Austin was cut in half to 45 stories
Read more »
Sponsored: JPMorgan Chase to Celebrate D.C. Business Owners During National Small Business WeekSponsored: Chase for Business is hosting a series of events for local business owners throughout National Small Business Week. Events kick off May 1 at Chase's Community Center branch at Skyland Town Center. Learn more here:
Read more »
Stock Market Crash: JPMorgan Warns Recession is 'Far From Priced In''The risk of recession is far from priced in': JPMorgan warns stocks are set up for a 'bearish outcome' as investors crowd into the top names in the market at rates last seen in the 2000 and 2008 bubbles
Read more »
Former JPMorgan exec says bank is using him as a 'PR shield' in Epstein caseA former JPMorgan Chase executive accused of having a 'profound friendship' with Jeffrey Epstein has asked a federal judge to dismiss the bank’s lawsuit against him over his ties with the Epstein, a convicted sex offender.
Read more »
‘Tokenization Is the Killer App for TradFi’: JPMorganThe head of the bank's Onyx Digital Assets platform, Tyrone Lobban said there is added caution post-FTX, but JPMorgan’s strategy hasn’t at all changed.
Read more »