In blow to office landlords, JPMorgan Chase CEO gives in to remote work
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At this point they’re so short staffed due to the “labor shortage” that this is probably just a tactic to recruit employees from companies like BofA who is still living in the stone age… and it’ll probably work.
I laughed all the way through reading todays email about how fantastical they try to claim everything is being back in office (the same offices that are actually still pretty empty and those who are there get cupcakes hahahahahaha!!)
They’re only fooling the mo--ns.
Jamie Dimon doesn’t care about his employees. He was pressured by employees to make that decision. Just goes to show how powerful the employees voices were that he caved to the pressure. Nevertheless, I’ll give him credit for coming to terms with the time. Wish I could say the same for BOFA. This language that work in the office is better for collaboration is nonsense and they know it. The last two years record profit they made came from the hard working employees who gave their all because they not only loved what they do but appreciated wfh because they were able to manage their life and priorities a lot better. To say you care about your employees means to listen to what they’re saying makes them happy. It’s a win win if they weren’t so set in their ways with this push for five days back in the office. This will not end well for BOFA.
There was nothing trailblazing in the Jamie Dimon letter. It was an incredibly conservative approach to hybrid or wfh. 50% in office full time, 40% hybrid and 10% wfh full time. Inline with how the bank has always operated. 10% of the bank work force is probably still in the MyWork program, every team has at least one still in the program. 40% of the managers probably don’t care where their teams are working as long as the work is getting done and they don’t show up on any tracking reports. The final 50% is for customer facing and the managers that micromanage their teams. Jamie Dimon’s letter will have no impact on BofA.
JD doesn’t give a rats ru-p if his employees fell off a cliff, as long as it looked good on the bottom line.
However as JD goes so goes BM.
Jamie Dimon is what you call a CEO that CARES about his employees well being unlike our stubborn azz BM. I will definitely jump ship from this shlithole company and go there to work. I have had enough of the false shlit they put on flagshlit everyday about the RTO and how happy employees are in returning.
How much longer will BofA push this RTO 5 days a week after this announcement.