(This story contains offensive language in paragraph 3)
By Isla Binnie
New York (Reuters) -jpmorgan Chase CEO Jamie Dimon has a bit of a little bit of some employees to mitigate the bank's five-day return policy in an animated town hall meeting on Wednesday, according to a recording assessed by Reuters.
Employees of the largest American bank complained about internal pin boards and chats about losing hybrid work schemes, and one group launched an online petition in which Dimon was advised to reconsider.
When asked about the personal work policy during the personnel meeting, he said: “I don't waste time on it. I don't care how many people sign that damn petition,” he said, some laughter.
JPMorgan refused to comment.
Instead, Dimon demanded more efficiency and emphasized that employees have the choice to work at JPMorgan. The CEO said they shouldn't be angry with him and said it was a free country.
The recovery of the external work policy has encouraged some employees to encourage COVID-19 Lockdowns. JPMorgan's call for more employees to come back brought a flood of complaints, many of back-office employees.
Some employees have asked advice from the Communications Workers of America on how they could set up a trade union, something rare in the American financial sector, CWA campaign Nick Wiener said.
About 950 people had signed the petition against the five -day policy on Wednesday evening. JPMorgan has more than 317,000 employees worldwide.
Dimon, who has run the lender for 19 years, said that some employees did not pay attention during zoom meetings, which reduced their efficiency and creativity.
The profit from JPMorgan rose to a record in 2024 and the stock price has doubled in the last five years. The strong performance led some employees to wonder why they had to spend more time in the office.
Requirements in the office are not left to managers, Dimon said.
“There is no chance that I will leave it to managers,” he said. “Zero chance. The abuse that took place is extraordinary.”
Dimon's opinion is shared by many Wall Street leaders and President Donald Trump, who demanded the end of external work schemes in the federal government.
Dimon has asked all the bank departments to show 10% profit in efficiency, which would entail 10% cuts in reports, meetings, documents and training sessions.
During the town hall, Dimon told a story about an asset manager who required 14 approvals from the committee.
“I feel like firing 14 chairmen of committees, I can't stand it anymore,” he said. 'I'm sorry. It's my fault. I'm the boss. “
