Thread regarding JPMorgan Chase & Co. layoffs

Our great JD is such a tough guy at townhall

Here is what he said on the TH. All those cussing… so manly and tough. For you employees, if he ask you to fetch a stick, you ask “with my hands or with my mouth?”

https://www.tiktok.com/@barrons/video/7471026096083914026

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Post ID: @OP+1jm2756ch

30 replies (most recent on top)

Maybe JD should run “his” bank “himself”.
Welcome to it. Try.

Lol.

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Post ID: @nv+1jm2756ch

laughing out loud at all the Jamie Dimon praise 💀💀💀💀 must be his friends or family posting that bs😂

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Post ID: @kf+1jm2756ch

"Jaime Dimon makes me want to come out of retirement and come back to the office to work. Loved that company. He’s 100% right."

Left that company 3 years ago.
Culture and environment was so hostile, aggressive and toxic , I regret I haven't done it earlier. Every little mistake is treated like the end of the world. MDs are yelling and humiliating Ds, who cascade the same treatment down the bottom. Coupled with huge number of L1 managers from a very different culture who would slam, squiz , stub you in the back to get promotion and green card this attitude morphs into modern days slavery. Listen to JD for the last 3 years: he is dreaming of the AI replacing majority of us and the markets going back to employer-friendly again, so he can have his slaves back. Even on that town hall he was talking from the position of power with his language, tone just proving that ordinary mortals are just dirt under his feet, deplorable and replaceable,
I am truly in a better place, with adequate
down to earth managers, little unnecessary stress , 70% higher compensation, and hybrid work arrangements

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Post ID: @hk+1jm2756ch

I am sorry but Jane Dimon is a true leader.i am really inspired by him!

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Post ID: @h7+1jm2756ch

I used to like JD. Not anymore. I work at a competitor but kept a few accounts at JPM which I now plan to move over to my own employer. At least they aren't foul mouthed like this old ba$ta-d.

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Post ID: @h6+1jm2756ch

"Jaime Dimon makes me want to come out of retirement and come back to the office to work."
You may have been out of work for a very very very very very very long time.
Your 'job' was outsourced to India eons ago at the speed of light.

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Post ID: @h4+1jm2756ch

Jaime Dimon makes me want to come out of retirement and come back to the office to work. Loved that company. He’s 100% right.

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Post ID: @h2+1jm2756ch

Treat the likes/dislikes on this post as an inverse relationship to the truth.
The more dislikes the better!

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Post ID: @gz+1jm2756ch

"I am just wondering, lots of likes under JD justifying posts appear when India wakes up."
Yup, the likes/dislikes are out of whack. It is easy to see.

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Post ID: @fw+1jm2756ch

"Are you really this d-mb in real life? Congrats on using one of the most overused words in the last 50 years (narcissist). Did you learn that on a YouTube video? Go back to your job at the gas station and pull your pants up."

In 4 sentences you said nothing that mattered.

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Post ID: @fv+1jm2756ch

Looks like Iuigi missed this one

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Post ID: @f7+1jm2756ch

"Are you really this d-mb in real life? Congrats on using one of the most overused words in the last 50 years (narcissist). Did you learn that on a YouTube video? Go back to your job at the gas station and pull your pants up."

Yep. That ship has sailed. At this stage, I would say, JD displays psychopathic tendencies
I am just wondering, lots of likes under JD justifying posts appear when India wakes up.
Nice job

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Post ID: @d4+1jm2756ch

Bunch of trolls on this site. Dimon is a dinosaur. Too bad the cancer didn’t take him out years ago. Fu-k him and all the RTO bootlickers here. The world won’t miss any of you when you’re gone.

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Post ID: @c7+1jm2756ch

Some id--t said:

I have also seen this throughout my career with CEOs and their narcissistic tendencies.

He strikes me as a great sole contributior but lacking leadership skills. Seems that his direct reports fill in those gaps.

My reply:

Are you really this d-mb in real life? Congrats on using one of the most overused words in the last 50 years (narcissist). Did you learn that on a YouTube video? Go back to your job at the gas station and pull your pants up.

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Post ID: @c3+1jm2756ch

Has JD mentioned if free food and car rides after 8 PM are coming back?
or maybe that remote access is now becomes irrelevant and will be removed?

i remember some of my colleagues , including analysis, leaving office early morning (1-3AM) day after day completely disoriented. and no, we weren't FO, we were in Finance with more than lousy salaries and less than 10% bonuses.

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Post ID: @bg+1jm2756ch

Again, keep in context the type of person Mr. Dimon is based upon history. Those that were around years ago may remember the big push to be present on camera during video calls. Later it was learned that this was not for productivity or creativity as he is again spouting.

Refresh yourself on palantir every time you hear Mr. Dimon rant about the need for office presence for creativity.

https://www.bloomberg.com/features/2018-palantir-peter-thiel/

Palantir knows everything about you

Peter Thiel’s data-mining company is using War on Te---r tools to track American citizens. The scary thing? Palantir is desperate for new customers.

High above the Hudson River in downtown Jersey City, a former U.S. Secret Service agent named Peter Cavicchia III ran special ops for JPMorgan Chase & Co. His insider threat group—most large financial institutions have one—used computer algorithms to monitor the bank’s employees, ostensibly to protect against perfidious traders and other miscreants.

Aided by as many as 120 “forward-deployed engineers” from the data mining company Palantir Technologies Inc., which JPMorgan engaged in 2009, Cavicchia’s group vacuumed up emails and browser histories, GPS locations from company-issued smartphones, printer and download activity, and transcripts of digitally recorded phone conversations. Palantir’s software aggregated, searched, sorted, and analyzed these records, surfacing keywords and patterns of behavior that Cavicchia’s team had flagged for potential abuse of corporate assets. Palantir’s algorithm, for example, alerted the insider threat team when an employee started badging into work later than usual, a sign of potential disgruntlement. That would trigger further scrutiny and possibly physical surveillance after hours by bank security personnel...

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Post ID: @b9+1jm2756ch

Employers, ever increasingly so, except practically 724365 availability from employees.
That never used to be the case prior to all the technological advances over the last decade or two.
In exchange for that availability, to the extent an employee can be flexible off hours, employees have a right to expect their employers to be equally flexible at a minimum to the location the employees can achieve a work/life balance unachievable if forced into an office 5 days a week 10-12 hours per day including commuting time.
If employers want things back to the old ways, RTO/5, then they should NOT expect employees to work outside of those hours, including commuting time.

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Post ID: @b7+1jm2756ch

@b4+1jm2756ch thanks for your reply.
While I'm not prophet, and my crystal ball is out for repair, neither is JD.
He can surely say and believe whatever he chooses to, even in the unprofessional way he's chosen, it doesn't automatically make him correct. His success while notable, likewise, does not automaticallyake everything he says does correct or best.
Advances in society will always dictate change. Resistance in all forms is only effective in the short term, if that.
Ignoring your employees thoughts, requests, suggestions, etc. does not display leadership qualities, does evoke respect, and certainly is factually viewed and felt as tone deaf and pigheaded behavior unbecoming of global CEO.

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Post ID: @b6+1jm2756ch

Is this real or fake voice of JD?

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Post ID: @b5+1jm2756ch

Post ID: @b2+1jm2756ch

While I agree with some of what you say, it still doesn’t change the fact that work is work and being in an office setting will always be a better outcome for the overall goals of what Mr. Dimon has a vision for. He has given example of why WFH is not ideal for the future of JP Morgan. Love it or hate, his rules. And no one can deny his ability to run a great company. If you do deny it, maybe the problem is you. I loved my time at JPM. I only left so I could travel with my husband ( his job at the time required lots of travel). Otherwise I would have never left, it was a great job, great people. Lots of good memories.

AI will replace many banking roles so its probably best to start thinking about a long term plan in you are younger than 50.

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Post ID: @b4+1jm2756ch

Here’s the thing…. They know all you people working at home are not as productive and efficient as when you are in the office. The AI algos tell a very different story of the WFH crews.

The gig is up. Jaime Dimon has busted yo a$$.

Yeah… they know exactly what you’re doing from the first keystroke to the last each and every day you logon from home…or wherever… they know exactly how “productive” you are….

The experiment is over.

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Post ID: @b3+1jm2756ch

(@aq+1jm2756ch excellent post!
@aw+1jm2756ch I'm certain you appreciated your Job and the benefits of being in the office 5/week. However, an admin position is one of those positions that have been in office centric.

All the benefits of in person attendance have been largely lost due to:

  1. Open floor seating
  2. Lack of sufficient meeting facilities
  3. Worker globalisation
  4. Availability expectations
  5. work hour globalisation
  6. Technological advancements eliminating the need for limiting work to dedicated office space.

The genie is out of the bottle.employees know they can perform their jobs effectively and efficiently all while the ability to achieve work/life balance without sacrificing the cost and time and stress it takes to commute.
Asking employees to revert and lose all those benefits is insanity and attempting to hold back progress. Buggy whips are gone for a long time.
Back to RTO/5 now because "that's how it used to be"....
.... Well, many things used to be.... Tellers, no online banking.
Let them shut down Chase online and welcome all their clients back to in-person branch banking because thats how it used to be.
See how well that works out.

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Post ID: @b2+1jm2756ch

I retired from Chase last year. But I remember in 2021, JD was saying that during the shutdown, he could not get ahold of HIS OWN direct reports or their secretaries. He blew a fuse and sent out an email saying that WFH doesn't work. He never changed his stance.

Before 2020, you were expected to be in the office full time. But your manager was given discretion if you needed to WFH due to an illness, family emergency, etc. We were also told to STAY HOME if you had COVID symptoms, and don't return to the office until you passed a COVID test. Those days are gone. Good luck finding a job with hybrid or WFH arrangements.

One other consideration - some companies are no longer offering insurance plans. They expect you to find a plan (usually through Obamacare), and they will provide some money to help with premiums. At least Chase has good insurance.

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Post ID: @b1+1jm2756ch

Wow! Everything Jaime said was 100% spot on! Kudos to him for telling it like it is! He knows what’s up and that’s why so many are pi---d off.

You don’t like it? Leave. No one is forcing you to work at JP Morgan.

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Post ID: @b0+1jm2756ch

What is so hard about getting to the office to work? I was an employee there and worked in a beautiful office space where I was expected to be at my desk by 7am (and the other people in the group I worked in were there even earlier due to the trading desk). I had an hour and 15 minute commute to and from. I knew I had a great job and never once complained about having to be in the office. I honestly don’t understand why people resent having to go into the office to work and collaborate and help mentor/ teach others. I get that some jobs can be done at home but as someone who worked their entire work life in an office setting, I look back on some good times and some amazing opportunities to learn. The stuff I would overhear just being in the office was worth the time in office.

We have a generation of young people who are being robbed of being in staff meetings and working side by side on projects with the seasoned staff, collaborating and sharing ideas and that makes a weak link in any organization if the young people are not afforded the same learning and mentoring in the office.

BTW, I was an executive assistant. I saw and heard it all. If you are not in the office, being present at meetings, sharing skill sets, knowledge and wisdom, you are not able to help guide the new, younger generation into the future directors, vp’s, svp’s, managing directors, etc.

The point is, you are paid to do a job and part of that job requires you to be in an office. It doesn’t matter if you can do the job at home. I was able to work from home whenever there was inclement weather, but it’s not the same as being in the office. JD is right.

I am no one special or important but I always looked at my job as a privilege, one I worked hard to achieve because even among executive assistants, the competition is fierce, I never took my job for granted. I was always grateful for my seat in the office as I knew how easy it was to be replaced and forgotten.

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Post ID: @aw+1jm2756ch

If your ears can stop bleeding long enough to make it through his profanity laced tirade, he makes some very d-mb observations. He states the kids these days are lost. But, his leadership by example is to bark out profanity like this? He states everyone is on zoom calls but he outsources all operations so that you have no choice but teleconference across time zones? He states that he looks out over the office and sees the tops of no heads, but he'd like to see 100 employees so he can fire 10% of them?

And, I can assure you no front-line employee has ever received a call from Mr. Dimon for a business ask. No one who has held a corporate job would believe this statement. Mr. Dimon only interacts with his direct reports and would only know if that bunch was or was not in the office. It's the managers responsibility to see that the work is completed to answer a question from the CEO. And the manager can determine if presence of front-line is needed in office and what that schedule is.

What an insulting statement from Mr. Dimon that shows he is out of touch with the business world and has no appreciation for the low man on the totem pole. He has not demonstrated leadership skills only the ability to gut and fire when needed to create a headline to goose the stock price.

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Post ID: @aq+1jm2756ch

I have also seen this throughout my career with CEOs and their narcissistic tendencies.

He strikes me as a great sole contributior but lacking leadership skills. Seems that his direct reports fill in those gaps.

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Post ID: @ae+1jm2756ch

Maybe you were not around in 2015, but mr dimon received an outpouring of employee support and well wishes around his battle against throat cancer. One wound think the experience would have changed him for the better. It is sickening to think that surviving cancer or receiving $39 million a year fails to move someone to a better outlook on life and others. What other conclusion can you draw other than mr. dimon suffers from narcissism or could be a sociopath. Either does not inspire a work force.

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Post ID: @ab+1jm2756ch

He’s absolutely right though.

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Post ID: @aa+1jm2756ch

such disgusting behavior

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Post ID: @a3+1jm2756ch

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