Jamie Dimon goes HAM on WFH

13,825 Views | 191 Replies | Last: 5 days ago by FL_Ag1998
aggiehawg
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AG
This guy gets it and is laying down the law. WARNING language.

rwtxag83
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BRAVO!!
Greater love hath no man than this....
infinity ag
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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.
aggiehawg
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I have always liked Dimon, going back to the 2008 financial crisis. Saw that it was a s*** sandwich and that every bank was going to have to take a big bite to get through it and then fairly quickly get out of it. He managed the crisis well, in my view.
Sharpshooter
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The Corporate, not Governmental, way to be a success.
Rockdoc
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100% agree with him. Don't want to do it his way? Theres the door.
Rossticus
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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.
Sid Farkas
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I wfh'd for 18 years with travel. With the final years 100% wfh (no travel) since covid. I could get so much more work done with out putting on freshly pressed biz casual and commuting to an office.

Maybe the financial industry employees are different? I can imagine coddled entitled yuppies avoiding work. I always saw wfh as the goose that laid the golden egg. I never wanted to fafo by slacking.
HoustonAg9999
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He's very crass for a CEO just make a policy change if you want to, he just wants attention.
aggiehawg
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Rockdoc said:

100% agree with him. Don't want to do it his way? Theres the door.
Exactly. Want to work here? Thems the rules. Easy way to have a RIF as well, without all of the other issues.
HoustonAg9999
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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.
mncag
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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.


For many going to office every day is waste of time. Depending your duties of course.
aggiehawg
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HoustonAg9999 said:

He's very crass for a CEO just make a policy change if you want to, he just wants attention.
It was leaked and not by him. And if you think that was crass, you haven't met many CEOs of large companies.

It ain't bean ball in how they got there in the first place.
MemphisAg1
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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.
Herknav
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//'Let them eat cake' or not, Jamie Dimon runs the #1 bank in America and it's his perogative to let his employees' know how the cow eats the cabbage. Cross him at ur own peril.//just my thoughts.//
//Herknav sends//
HoustonAg9999
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aggiehawg said:

HoustonAg9999 said:

He's very crass for a CEO just make a policy change if you want to, he just wants attention.
It was leaked and not by him. And if you think that was crass, you haven't met many CEOs of large companies.

It ain't bean ball in how they got there in the first place.
met plenty of CEO's that dont act like that, if you have to remind people you are in charge and the boss you failed as a leader, also not good for retaining top talent.

Also, hes a pretty slimily business man gotten JP morgan fined numerous times.
deddog
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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.
Rockdoc
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Herknav said:

//'Let them eat cake' or not, Jamie Dimon runs the #1 bank in America and it's his perogative to let his employees' know how the cow eats the cabbage. Cross him at ur own peril.//just my thoughts.//

Exactly. He's the boss. He's earned the right to do things his way. You don't like it, then this job ain't right for you.
Teslag
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HoustonAg9999 said:

aggiehawg said:

HoustonAg9999 said:

He's very crass for a CEO just make a policy change if you want to, he just wants attention.
It was leaked and not by him. And if you think that was crass, you haven't met many CEOs of large companies.

It ain't bean ball in how they got there in the first place.
met plenty of CEO's that dont act like that, if you have to remind people you are in charge and the boss you failed as a leader, also not good for retaining top talent.

Also, hes a pretty slimily business man gotten JP morgan fined numerous times.
PeekingDuck
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There's obviously much more to RTO than the work being done. Seems common sense to go back. We need to interact and get off social media. Especially young people. Stop consuming the algorithms at your chair. Talk to people, buy lunch, buy gas - get out of the house. It isn't a coincidence that society has devolved steadily during COVID and since it ended.

Talk your ****, Jamie.
aggiehawg
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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.
DamnGood86
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If you want to learn, build relationships and advance forward; come into the office and be an integral part of the company structure.

If your role has stagnated due to your purposeful intention or simply your inability to advance, stay at the house and do the same task over and over again.

Either strategy works.

Much like a classroom teacher; it does not matter what year you were born, you are standing in front of the same 20 kids, just like the fresh grad. The two warrant the same compensation even though you may be twenty years older.
You may not be a moron, but some people think you are.
Dan Scott
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WFH/remote work is so bad they say, but then corporations are laying off Americans and hiring Indians.

That makes no sense.
HoustonAg9999
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Dan Scott said:

WFH/remote work is so bad they say, but then corporations are laying off Americans and hiring Indians.

That makes no sense.
its the old school boomers who think you are not in your seat by 5am you are not working see it all the time
Old May Banker
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He's right.
aggiehawg
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Quote:

met plenty of CEO's that dont act like that, if you have to remind people you are in charge and the boss you failed as a leader, also not good for retaining top talent.

Also, hes a pretty slimily business man gotten JP morgan fined numerous times.
LOL. Sorry but he's a leader in his industry for a reason. He gets results. And every single bank runs afoul of those regulations, however temporarily.

Have you ever watched the HBO movie Too Big To Fail? Paulson was caught flat-footed. But h was able to get all of those competitors into the same room, looking each other in the eye, while the head of the FDIC was sitting behind Paulson. Gangster move, yes. Came from Warren Buffett, BTW.

Dimon and Blankfein (Goldman Sachs) helped herding the cats.
deddog
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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.
Absolutely.
CEOs don't want to look silly for paying high commercial rates and have empty buildings. Plus, as you pointed out, its an easy way to get rid of people, especially since you don't have to pay them a severance if they quit, or if they are fired with cause (they didn't abide by company policy)
deddog
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I also see the other side of things:
My wife is an incredibly skilled S/W engineer, WFH and is very efficient. Now she has to spend an hour everyday in traffic.
Her team in India, was also asked to come in. They spend 3 hours in traffic a day. That's just nuts.
And everyone that they all talk to is on Zoom, because they are all over the world.


My guess is companies will weed out the riff raff, and then go back to WFH on the company's terms.
whytho987654
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Dan Scott said:

WFH/remote work is so bad they say, but then corporations are laying off Americans and hiring Indians.

That makes no sense.
Ha this is so true, boomers screwing over young Americans, what else is new?
Get Off My Lawn
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Old May Banker said:

He's right.
Sorta. There are meetings a guy needs to be engaged in… then there are other meeting where a guy may be there to participate for 5% of the time. If all of my meetings were tailored to me, I wouldn't have time to TexAg while listening for key introductions. When it comes to meetings I set up and run - I invite and drive them with respect for others' time as a priority. But the further from the top of the totem pole one gets, the less of their work is tailored to their benefit and the more of it is service of others' time.

In short: the less someone gets paid the more of their time gets wasted by others.
aggiehawg
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whytho987654 said:

Dan Scott said:

WFH/remote work is so bad they say, but then corporations are laying off Americans and hiring Indians.

That makes no sense.
Ha this is so true, boomers screwing over young Americans, what else is new?
This is the major problem and why the USA is losing their edge worldwide.

The end of the American work ethic. The countries that just give paid months off for holidays, aren't doing so well. Their work force, doesn't work for months at a time.

It is not called a "job" without reason.
whytho987654
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aggiehawg said:

whytho987654 said:

Dan Scott said:

WFH/remote work is so bad they say, but then corporations are laying off Americans and hiring Indians.

That makes no sense.
Ha this is so true, boomers screwing over young Americans, what else is new?
This is the major problem and why the USA is losing their edge worldwide.

The end of the American work ethic. The countries that just give paid months off for holidays, aren't doing so well. Their work force, doesn't work for months at a time.

It is not called a "job" without reason.
Yep, why work hard when youre treated like a disposable widget who can be replaced by a guy with a laptop thousands of miles away? Im seeing this in medicine too amongst young physicians, pay goes down, work ethic goes down. I don't know how we turn our country around. I voted for trump, but I don't think he's taking us down a good path (but the dems wouldn't do any better either). Interesting times ahead
BoydCrowder13
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There are some people that simply cannot be trusted to work from home. I prefer hybrid personally. Being at the office can create distraction as well. People stopping by to chit chat, useless meetings, commuting. There are days when it simply makes sense go solo in your home office. Especially if your team is located around the country.

It really needs to be on a case by case basis.

And yes we've been offshoring office jobs for 20 years that absolutely reduce productivity. So this whole thing is kind of ironic.

Technology is meant to improve productivity and life. For the first time, it is possible to be a truly dedicated employee and super involved in your kid's lives. If we want a cultural improvement, I would think that is something everyone can root for.
Pacifico
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I WFH for a big woke global brand. It's amazing to me how much time I spend in meetings about DEI, personal growth programs and god knows what else. I'm sure my employer is tracking who attended what meeting. It's like a social credit score system.
HoustonAg9999
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Hes also a big time lib who supported Harris and Obama funny who this board supports selectively
 
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