Jamie Dimon goes HAM on WFH

13,831 Views | 191 Replies | Last: 5 days ago by FL_Ag1998
BenFiasco14
How long do you want to ignore this user?
AG
Tag77 said:

Boomers love their SS and kiddos that actually go to work, you know, leave the house and go to the corporate building.

One more thing, GO TO CHURCH, not online but an actual church and worship GOD. Younger generation is hell bound.




Those damn kids
CNN is an enemy of the state and should be treated as such.
FL_Ag1998
How long do you want to ignore this user?
AG
infinity ag said:

deddog said:

infinity ag said:

deddog said:

The CEOs are trying to target folks that are inefficient or moonlighting. A significant number of folks (especially from Asian countries) work multiple jobs while WFH
I have a family member who worked 3 full time jobs at a time.
That's who the CEOs are trying to target.


OK, so when the CEO can make obscene millions, much of which they didn't deserve (Dimon did not create JPMorgan) that he can never spend in his entire life, why can't someone else who cannot get by in his expensive city for 100k, and is trying to do 3 full time jobs to keep up, what is the problem as long as the employee does his job well (which should be the only criteria)?

It seems like you are arguing in favor of the employee keeping the employee perpetually poor so that they can be controlled like a slave.


I dont have a dog in the fight.
But that is absolutely who the CEOs are going after.
Folks that are working multiple jobs, and folks that sit home and srent productive most of the day.
It can be extremely inefficient for folks who actually WFH and are productive,

I disagree that CEOs are going after them. There is no way to accurately measure "productivity" in the modern world. In the old days you could say "Steve produced 10 widgets in an hour, Peter did only 8". It is not as clear cut today in the tech world. People pretend they can, but it is never possible.

If people waste time during WFH, they also waste time during RTO doing "water cooler talk" and flirting with the hot secretary.

The real reasons are what the CEO can actually measure.

1. He's paid for his new building and if it is used only 10%, he ends up looking like a fool for having paid for it.
2. The local politicians are calling him up and asking him to call his employees to office because local businesses are losing revenue (restaurants, shopping, cabs). If the local economy suffers, the politician loses the election so he threatens the CEO with whatever he can do like tax breaks or whatever.

The other thing is the CEO just feels good about it. Nothing to do with productivity. He likes to walk in and see people toiling away like they did in the old days of factories. Makes him survey the crowd, puff up his chest and say "I'm the boss of all these people".

There are others, but these come to mind.


Some jobs cannot be done effectively from home. Like Sales where a personal connection is needed. Tech work can be done remotely very easily. Dimon calling all his employees to the office shows how out of touch he is.

I am sure he carries his briefcase from the 70s to work every day.




You keep making blanket concrete statements like the one I bolded which are flat out not true.
Rockdoc
How long do you want to ignore this user?
AG
DaShi said:

Easy to tell here who the middle-low level WFH employees are.

Yep. They're freaking out about it (while they're sitting there typing on their computers with potato chip crumbs all over their belly)
Tex117
How long do you want to ignore this user?
AG
As a general rule, he is right.

Are there exceptions? Of course.
HoustonAg9999
How long do you want to ignore this user?
Rockdoc said:

DaShi said:

Easy to tell here who the middle-low level WFH employees are.

Yep. They're freaking out about it (while they're sitting there typing on their computers with potato chip crumbs all over their belly)



Been in meetings with c suite and director level dont act like they are doing anything other than sending emails and going to meetings , then lunch
AggieKatie2
How long do you want to ignore this user?
AG
For those saying he's right…..prove it

For those saying he's wrong…. Prove it

You can't. It's like every other business topic, it varies based upon situation and personnel.

For guys like this, it all comes down to personal preference.

It's like the car dealership industry. Buying a car online can be 1,000% less annoying than in person, but lots of dealerships still won't give you a negotiated price unless you come in so they can bully you and use old school tactics.

infinity ag
How long do you want to ignore this user?
This chap Dimon is such a hypocrite.

Like every paper-tiger CEO, he decided to go with the trends to be woke/cool and to avoid the ire of the feminazis. Now since Trump did the bold and tough job of telling the DEI people to eff off, Dimon hides behind Trump and shouts "yeah.... exactly....what he just said..... get lost...".


Wall Street's diversity dilemma deepens as JPMorgan's Dimon sounds off on 'stupid' DEI expenses
https://finance.yahoo.com/news/wall-streets-diversity-dilemma-deepens-as-jpmorgans-dimon-sounds-off-on-stupid-dei-expenses-143000294.html

Quote:

Wall Street's defense of its DEI initiatives suddenly got a lot more complicated.
JPMorgan Chase CEO Jamie Dimon, a longtime advocate of diversity and using bank resources to aid minority communities, told employees this past week during a town hall that he "was never a firm believer in bias training" and had questions about money being spent on certain DEI programs.

"I saw how we were spending money on some of this stupid ****, and it really pissed me off," Dimon said, according to a recording of the town hall obtained by Yahoo Finance. "I'm just going to cancel them. I don't like wasted money in bureaucracy."

He knows Trump got his back here.
Quote:


"Bring them on," Dimon said about activist efforts targeting DEI during an interview with CNBC last month.


If Newsom becomes President in 4 years this fellow will be at the forefront championing DEI again.

Of course, he is the boss, he can do what he likes. But we can also point out his hypocrisy.

tylercsbn9
How long do you want to ignore this user?
AG
HoustonAg9999 said:

infinity ag said:

Jamie Dimon is an out of touch "let them have cake" type of moron.

I don't necessarily disagree with the RTO mandate, but this clueless boomer needs to realize that work in 2025 is international. In my previous job, we were asked to work from the office, but we all came in after 1.5 hours of commute only to get on calls all day with people in different parts of the US and the world. I never even talked to anyone in the office so what was the point of coming in? Everyone is on calls and shouting over each other. Meeting rooms were scarce as well.

I think he is on his way out anyway so he doesn't care. He's managed the company well for 20 years but he is now losing it. Does he think people can't waste time in the office? Dumbo.

Boomers like him who are stuck in the 70s need to be put to pasture.
yeah I wonder if these "leaders" how much time in the office is a waste, people bull****ting, taking 2 hour lunches etc, etc.


As I always saw to boomers that have this WFH aversion. People waste just as much time in the office. It just looks different than when people are remote.
harge57
How long do you want to ignore this user?
AG
https://www.forbes.com/sites/philkirschner/2025/02/14/mckinsey-on-return-to-office-leaders-are-focused-on-the-wrong-thing/

"Companies worldwide are doubling down on return-to-office mandates, requiring employees to commute at least four days a week. The resulting tension makes great headlines, but does it make great business?

New research from McKinsey & Company suggests it does not."
infinity ag
How long do you want to ignore this user?
infinity ag
How long do you want to ignore this user?
harge57 said:

https://www.forbes.com/sites/philkirschner/2025/02/14/mckinsey-on-return-to-office-leaders-are-focused-on-the-wrong-thing/

"Companies worldwide are doubling down on return-to-office mandates, requiring employees to commute at least four days a week. The resulting tension makes great headlines, but does it make great business?

New research from McKinsey & Company suggests it does not."

We all have opinions on why they are forcing RTO.

I wish some real journo would do some investigations into what these CEOs are really thinking. Not their official positions (no one trusts CEOs anymore) but look at hard data. If they claim it is lack of productivity, why not publish the data that shows this? I would love to see this.
evestor1
How long do you want to ignore this user?
infinity ag said:

harge57 said:

https://www.forbes.com/sites/philkirschner/2025/02/14/mckinsey-on-return-to-office-leaders-are-focused-on-the-wrong-thing/

"Companies worldwide are doubling down on return-to-office mandates, requiring employees to commute at least four days a week. The resulting tension makes great headlines, but does it make great business?

New research from McKinsey & Company suggests it does not."

We all have opinions on why they are forcing RTO.

I wish some real journo would do some investigations into what these CEOs are really thinking. Not their official positions (no one trusts CEOs anymore) but look at hard data. If they claim it is lack of productivity, why not publish the data that shows this? I would love to see this.
I am going to vote that RTO is a good way to trim expensive employees more than anything else.


It is unfortunate, but much easier than conducting a full scale layoff.
rsf0626
How long do you want to ignore this user?
Whether Jamie Dimon likes it or not, hybrid work is the future, especially with gen Z entering the workforce. Once he's gone as CEO (probably within the next 5 years), I bet JPM shifts back

Its easy not to care about the human element of RTO full time when you're a billionaire. Not everyone can afford financially and personally to commute 1.5 hrs each way every day to work
rsf0626
Tom Kazansky 2012
How long do you want to ignore this user?
AG
infinity ag said:

Jamie Dimon is an out of touch "let them have cake" type of moron.

I don't necessarily disagree with the RTO mandate, but this clueless boomer needs to realize that work in 2025 is international. In my previous job, we were asked to work from the office, but we all came in after 1.5 hours of commute only to get on calls all day with people in different parts of the US and the world. I never even talked to anyone in the office so what was the point of coming in? Everyone is on calls and shouting over each other. Meeting rooms were scarce as well.

I think he is on his way out anyway so he doesn't care. He's managed the company well for 20 years but he is now losing it. Does he think people can't waste time in the office? Dumbo.

Boomers like him who are stuck in the 70s need to be put to pasture.
I am 34 and run my own company. You cannot be more wrong.

Depends on the industry, but in most industries, you need people showing up for work. Semi-remote functionality is a must, but not at the expense of being somewhere with your team in person.

Time will tell who is right but the WFH doomers either aren't entrusted with large corporate responsibility or are net takers (or both) in my opinion.
Tom Kazansky 2012
How long do you want to ignore this user?
AG
Rossticus said:

If you do things in the office that benefit from in-person interaction and interpersonal collaboration then I 100% agree. If your role has you parked in a cube or office in front of a computer screen or on the phone all day taking on solo projects which never place in a position to interact with anyone in the first place then your productivity will likely be lower just so that management can feel that their facilities expenditures aren't as pointless as they actually are.

But, they're the boss. Don't whine. Go somewhere else for more money or another hybrid or telecommute arrangement. They're free to set the rules and you're free to tell them to get bent if you're a sufficiently marketable employee.
FL_Ag1998
How long do you want to ignore this user?
AG
infinity ag said:

harge57 said:

https://www.forbes.com/sites/philkirschner/2025/02/14/mckinsey-on-return-to-office-leaders-are-focused-on-the-wrong-thing/

"Companies worldwide are doubling down on return-to-office mandates, requiring employees to commute at least four days a week. The resulting tension makes great headlines, but does it make great business?

New research from McKinsey & Company suggests it does not."

We all have opinions on why they are forcing RTO.

I wish some real journo would do some investigations into what these CEOs are really thinking. Not their official positions (no one trusts CEOs anymore) but look at hard data. If they claim it is lack of productivity, why not publish the data that shows this? I would love to see this.


Let's assume there's at least some honesty behind the "WFH has been inefficient" argument. You want companies to publicly post info that would then be available to their clients showing how inefficient they've been over the past 4-5 years? Info that would essentially tell their clients they've been charging more than they really should have for their services?

Come on.
FL_Ag1998
How long do you want to ignore this user?
AG
infinity ag said:




I don't doubt his personal experience is true.

And hey, guess what, that opinion also coveniently helps sell his own business. Lol.

But neither, nor you, should continue trying to apply experiences in the IT field to all industries.
Charpie
How long do you want to ignore this user?
AG
The push for RTO is so that the entitled little gen z babies will throw their tantrums and quit because they don't want to work hard. It will also weed out the overemployed folks.

I work from home and am more productive here because I'm not constantly bothered by coworkers. But I have a different role than most. If I need to collaborate, I would most certainly need to be in the office.
rsf0626
How long do you want to ignore this user?
Being more productive at the office vs home is more of a personality thing to me than cause of the environment you're in.

Not breaking news: bad employees are just as bad in the office as they are at home
rsf0626
infinity ag
How long do you want to ignore this user?
FL_Ag1998 said:

infinity ag said:

harge57 said:

https://www.forbes.com/sites/philkirschner/2025/02/14/mckinsey-on-return-to-office-leaders-are-focused-on-the-wrong-thing/

"Companies worldwide are doubling down on return-to-office mandates, requiring employees to commute at least four days a week. The resulting tension makes great headlines, but does it make great business?

New research from McKinsey & Company suggests it does not."

We all have opinions on why they are forcing RTO.

I wish some real journo would do some investigations into what these CEOs are really thinking. Not their official positions (no one trusts CEOs anymore) but look at hard data. If they claim it is lack of productivity, why not publish the data that shows this? I would love to see this.


Let's assume there's at least some honesty behind the "WFH has been inefficient" argument. You want companies to publicly post info that would then be available to their clients showing how inefficient they've been over the past 4-5 years? Info that would essentially tell their clients they've been charging more than they really should have for their services?

Come on.

Yes, I know it is asking for too much. But maybe some real good journalist could piece things together? Maybe a pipe dream.
infinity ag
How long do you want to ignore this user?
FL_Ag1998 said:

infinity ag said:




I don't doubt his personal experience is true.

And hey, guess what, that opinion also coveniently helps sell his own business. Lol.

But neither, nor you, should continue trying to apply experiences in the IT field to all industries.

Agreed,

But IT jobs can be done remotely. The RTO jihadis just want everyone in the office. If you are in customer service or sales, you have to be in the office or on the road. No problem with that.

A blanket ban is bad business. That is what Dimon and other clueless dinosaurs are doing. Dimon has been a very good CEO but his time has passed, just like some of our football coaches.
infinity ag
How long do you want to ignore this user?
Charpie said:

The push for RTO is so that the entitled little gen z babies will throw their tantrums and quit because they don't want to work hard. It will also weed out the overemployed folks.

I work from home and am more productive here because I'm not constantly bothered by coworkers. But I have a different role than most. If I need to collaborate, I would most certainly need to be in the office.

If so, it's a bad strategy. You need to kick out the bad employees, not good ones. This plan is counter productive. The bad ones just want to get paid with no work, so they will actually be okay with RTO. The good ones have more options and will just quit and go elsewhere.
nhamp07
How long do you want to ignore this user?
AG
How many of you against WFH because "people don't work" have sat in their office typing that out on texags at work?
Petrino1
How long do you want to ignore this user?
I dont understand the uproar about this. He is the CEO of the company and can make the rules, employees can leave if they dont like said rules. They aren't indentured servants that are forced to work for him.

I used to work from home for a long time, and now work in the office for a large corporation where most of our employees are full time in office. We are all paid very well, treated well, great benefits and retirement, stable etc.

Could most of our jobs be done remotely, and would most of us love to work remotely? Absolutely, I support various work sites across the country and world, a lot of my time is spent in meetings with coworkers in other states and countries. But most of us are happy working here and are free to leave if we so choose.
dBoy99
How long do you want to ignore this user?
AG
infinity ag said:

Jamie Dimon is an out of touch "let them have cake" type of moron.

I don't necessarily disagree with the RTO mandate, but this clueless boomer needs to realize that work in 2025 is international. In my previous job, we were asked to work from the office, but we all came in after 1.5 hours of commute only to get on calls all day with people in different parts of the US and the world. I never even talked to anyone in the office so what was the point of coming in? Everyone is on calls and shouting over each other. Meeting rooms were scarce as well.

I think he is on his way out anyway so he doesn't care. He's managed the company well for 20 years but he is now losing it. Does he think people can't waste time in the office? Dumbo.

Boomers like him who are stuck in the 70s need to be put to pasture.

Is it the employer's fault that your commute was 1.5 hours long?


I am part of the problem and you're the victim...
cupcakesprinkles
How long do you want to ignore this user?
AG
The only thing boomers like more than their printed newspaper each morning is being able to read it in their office.
Rockdoc
How long do you want to ignore this user?
AG
cupcakesprinkles said:

The only thing boomers like more than their printed newspaper each morning is being able to read it in their office.

Appropriate user name.
infinity ag
How long do you want to ignore this user?
dBoy99 said:

infinity ag said:

Jamie Dimon is an out of touch "let them have cake" type of moron.

I don't necessarily disagree with the RTO mandate, but this clueless boomer needs to realize that work in 2025 is international. In my previous job, we were asked to work from the office, but we all came in after 1.5 hours of commute only to get on calls all day with people in different parts of the US and the world. I never even talked to anyone in the office so what was the point of coming in? Everyone is on calls and shouting over each other. Meeting rooms were scarce as well.

I think he is on his way out anyway so he doesn't care. He's managed the company well for 20 years but he is now losing it. Does he think people can't waste time in the office? Dumbo.

Boomers like him who are stuck in the 70s need to be put to pasture.

Is it the employer's fault that your commute was 1.5 hours long?

The discussion is not about "fault". If you are looking for CEO faults, I can tell you many of them.
The discussion is whether it is a good idea or not. It's the same when we complained about Biden last year. He was the President who won the election. But he did so many stupid things.

Yes, the CEO can run the company as he/she desires. But is what Dimon doing the best way? No. He is a great CEO turned an out of touch old man who is living off his past glory.

Like many football coaches.
infinity ag
How long do you want to ignore this user?
cupcakesprinkles said:

The only thing boomers like more than their printed newspaper each morning is being able to read it in their office.

And on the can in the office.



pagerman @ work
How long do you want to ignore this user?
AG
Cranky old man doesn't like change. Story at 11.
“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy. It's inherent virtue is the equal sharing of miseries." - Winston Churchill
Matt Foley
How long do you want to ignore this user?
AG
aggiehawg said:

MemphisAg1 said:

It's a natural reaction to those who abused WFH policies. I saw it within my company. There were people who didn't abuse it, but many others who did. Proving it to HR so that you can fire someone is difficult, so in this case they're just changing the policy for everyone. Sucks if you weren't an abuser, but that's the way organizational rules go.

The labor market has softened the past couple years, with numerous RIFs underway and announced almost daily. Employers have most of the leverage. If/when it goes back the other way, employees will have more leverage to demand a return to more WFH. Just the way the market rolls.
Also a natural reaction for a CEO looking at commercial leasing market. Hate him or not, Dimon is still a leader. His company has exposure on commercial office space loans. Not just his company's leases but many many other commercial properties.

There is a longer play here. Work the problem.
Yep…RTO is all about the commercial market. Blackrock, State Street, etc all have big investment in commercial. Not just office buildings. They need commuters stopping to eat and shop.
J. Walter Weatherman
How long do you want to ignore this user?
infinity ag said:

dBoy99 said:

infinity ag said:

Jamie Dimon is an out of touch "let them have cake" type of moron.

I don't necessarily disagree with the RTO mandate, but this clueless boomer needs to realize that work in 2025 is international. In my previous job, we were asked to work from the office, but we all came in after 1.5 hours of commute only to get on calls all day with people in different parts of the US and the world. I never even talked to anyone in the office so what was the point of coming in? Everyone is on calls and shouting over each other. Meeting rooms were scarce as well.

I think he is on his way out anyway so he doesn't care. He's managed the company well for 20 years but he is now losing it. Does he think people can't waste time in the office? Dumbo.

Boomers like him who are stuck in the 70s need to be put to pasture.

Is it the employer's fault that your commute was 1.5 hours long?

The discussion is not about "fault". If you are looking for CEO faults, I can tell you many of them.
The discussion is whether it is a good idea or not. It's the same when we complained about Biden last year. He was the President who won the election. But he did so many stupid things.

Yes, the CEO can run the company as he/she desires. But is what Dimon doing the best way? No. He is a great CEO turned an out of touch old man who is living off his past glory.

Like many football coaches.


This is your opinion. Seems like the company is doing pretty well, which is the only thing he should judged on. If people don't want to go to the office and they actually are that productive they'll have no problem finding work elsewhere. My assumption is that given how far he's gotten, Dimon isn't doing this without being confident it'll increase productivity and weed out the lazy ones logging in for an hour each day. And he probably knows a little more about his company than random texags posters.
dBoy99
How long do you want to ignore this user?
AG
You missed my point or maybe I misunderstood you.

It sounded like part of your issue with working in the office is that you had a 1.5hr commute.


I am part of the problem and you're the victim...
infinity ag
How long do you want to ignore this user?
J. Walter Weatherman said:

infinity ag said:

dBoy99 said:

infinity ag said:

Jamie Dimon is an out of touch "let them have cake" type of moron.

I don't necessarily disagree with the RTO mandate, but this clueless boomer needs to realize that work in 2025 is international. In my previous job, we were asked to work from the office, but we all came in after 1.5 hours of commute only to get on calls all day with people in different parts of the US and the world. I never even talked to anyone in the office so what was the point of coming in? Everyone is on calls and shouting over each other. Meeting rooms were scarce as well.

I think he is on his way out anyway so he doesn't care. He's managed the company well for 20 years but he is now losing it. Does he think people can't waste time in the office? Dumbo.

Boomers like him who are stuck in the 70s need to be put to pasture.

Is it the employer's fault that your commute was 1.5 hours long?

The discussion is not about "fault". If you are looking for CEO faults, I can tell you many of them.
The discussion is whether it is a good idea or not. It's the same when we complained about Biden last year. He was the President who won the election. But he did so many stupid things.

Yes, the CEO can run the company as he/she desires. But is what Dimon doing the best way? No. He is a great CEO turned an out of touch old man who is living off his past glory.

Like many football coaches.


This is your opinion. Seems like the company is doing pretty well, which is the only thing he should judged on. If people don't want to go to the office and they actually are that productive they'll have no problem finding work elsewhere. My assumption is that given how far he's gotten, Dimon isn't doing this without being confident it'll increase productivity and weed out the lazy ones logging in for an hour each day. And he probably knows a little more about his company than random texags posters.

Of course it is my opinion. Isn't that what we do on TA? We give our opinions on how Biden sucks, how Dimon sucks, etc etc.
I think Dimon was awesome for decades. He is on the way down because he doesn't understand today's and tomorrow's employees.
infinity ag
How long do you want to ignore this user?
dBoy99 said:

You missed my point or maybe I misunderstood you.

It sounded like part of your issue with working in the office is that you had a 1.5hr commute.

The commute wasn't the real issue. It was coming to the office and spending all my time on video calls with other US cities and overseas. 1.5 hr Commute made it even more acute.
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.