JPMorgan CEO Jamie Dimon doubled down on his plan to scrap the financial institution’s work-from-home insurance policies, launching right into a foul-mouthed tirade towards staffers indignant about returning to the workplace, in line with a report.
Throughout a raucous city corridor assembly on Wednesday, Dimon tore into the almost 1,300 staff who signed a petition over the financial institution axing the COVID-era hybrid working preparations that allowed workers to work from home two days every week.
“Don’t waste time on it. I don’t care how many individuals signal that f——g petition,” Dimon mentioned, in line with a leaked recording obtained by Reuters.
He additionally claimed that workers don’t focus absolutely after they participate in on-line Zoom conferences.
“There is no such thing as a probability that I’ll go away it as much as managers. Zero probability. The abuse that occurred is extraordinary,” the boss of the nation’s largest lender instructed the surprised viewers.
He went on to recommend that anybody upset over his mandate might select to work some place else.
Dimon’s feedback come amid a nationwide crackdown on distant work by a number of main companies, together with crosstown rival Goldman Sachs.
President Donald Trump additionally lately signed an government order forcing US authorities pen-pushers again to the workplace.
However that has not stopped stressed-out JPMorgan staffers bashing Dimon’s Jan. 10 announcement that they need to flip up at their desks 5 days every week.
The petition says the brand new mandate disrupts “work-life stability, will increase commuting prices, and dismisses the teachings discovered through the pandemic.”
In addition they pointed to JPMorgan’s report 2024 income of $58.5 billion as a purpose to not change the corporate’s working preparations.
Some workers even sought recommendation from the hard-left Communications Employees Union about forming a guild, CWR marketing campaign chief Nick Weiner instructed Reuters.
Dimon, 68, additionally has one more reason to demand his employees clock again in. The financial institution is constructing a $3 billion, 60-story headquarters at 270 Park Avenue that may embody a yoga studio, a meals courtroom, and even an Irish pub.
The long-serving CEO, who has now been in JPMorgan’s high job for 19 years, additionally warned through the city corridor that the corporate must turn out to be extra environment friendly and slash forms.
Dimon, who raked in an eye-popping $39 million wage final 12 months, recounted a narrative a few wealth administration matter that required 14 committee approvals.
“I really feel like firing 14 chairmen of committees, I can’t stand it anymore,” he mentioned. “I’m sorry. It’s my fault. I’m the boss.”
He additionally cited efficiency opinions for the financial institution’s working committee that might stretch to 6 pages.
“Due to authorized and threat, they’ve to take a look at it, the regulators may say,” Dimon mentioned. “I get the factor, I throw it within the goddamned rubbish can.”
The Wall Avenue titan has a status for powerful, no-nonsense talks. Final 12 months, he ranted towards the Biden administration’s overzealous and “silly” method to banking regulation.
“I’ve had it with this s–t,” Dimon instructed a convention of New York finance bigwigs on Oct. 28.
JPMorgan employs greater than 300,000 worldwide, though the corporate is reportedly getting ready to put off round 1,000 employees this month.
When requested in regards to the layoffs, an organization spokesperson mentioned: “We proceed to put money into hiring new professionals the place acceptable and presently have 14,000 open positions.”
With Publish wires