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Jpmorgan Chase CEO Jamie Dimon explores his recent concerns about the expected effects of the US economy and threatening bank regulations.
Jpmorgan CEO, Jamie Dimon, has hit employees who strongly supported the Wall Street giant to facilitate his five -day official policy.
“Don’t waste time. I don’t care how many people sign the petition,” Dimon said when the town hall asked about personal labor policy at a meeting on Wednesday, according to Reuters.
Dimon referred to a petition circling a group of employees that opposes the company’s latest policy that required hybrid workers to return to the office full -time.
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The company told employees in January that its new policy would come into force in March, effectively dissolving the hybrid model. According to Reuters, 950 people sign the petition to sign 950 people to eliminate politics. Nevertheless, this number compared to the bank’s global workforce, which uses more than 317,000 employees.
More than 60% of employees were full -time in the office before the announcement.
Jpmorgan rejected the comment.
Jamie Dimon at the International Financial Institute, IMF and Washington DC World Bank annual meetings on October 24, 2024. (Kent Nishimura / Bloomberg via / Getty Images)
Dimon also stated that during the town hall, “zero chance” leaders were allowed to determine the requirements in office, saying “abuse is extraordinary”.
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Since the early days of the epidemic, Dimon has made it clear that he was opposed to remote work as it prevented productivity. In the City Hall, Dimon even noted that some employees were difficult to pay attention to during zooms, reducing efficiency and creativity.
The JP Morgan Chase Tower on Park Avenue, Manhattan, New York. (With Tim Clayton / Corbis A / Getty Images)
His company was the first among the rivals to facilitate office restrictions during the epidemic. The most popular merchants were called back to the office at the end of 2020. However, most employees returned the following year, according to reports. In April 2023, the executive directors returned full -time.
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In the meantime, the company has performed well as its profits rose to a record height in 2024 due to the revival of the business. In mid -January, JPMorgan reported revenue of nearly $ 43.74 billion in the fourth quarter. Its quarterly net income was $ 14 billion, a 50% jump compared to the same period last year.
According to the company, at the end of 2024, it had $ 4 trillion assets and $ 345 billion in shareholders’ capital.
