Jamie Dimon regrets cursing but defends JPMorgan’s return to office

Jamie Dimon, the big boss at JPMorgan Chase, said he messed up. He regrets letting some colorful language slip during a recent town hall. But here’s the thing: it doesn’t change anything about his return-to-office policy.

What Exactly Did He Say?

Rewind. Dimon was talking about making everyone come back to the office full-time. Someone asked about working from home, and he wasn’t having it. Let’s just say some words were used that you probably wouldn’t hear at your grandma’s house. He told CNBC, “I should never curse, ever. And I shouldn’t get angry and stuff like that. ”

The Message Remains the Same

Even though he regrets the way he said it, the core message is still there. He believes being in the office is best for JPMorgan and its customers. You might not like how your coach yells, but you still understand the play he’s calling.

“Get a Job Elsewhere”

Dimon was pretty blunt. He said he respects people who don’t want to be in the office five days a week. But then added, “They can get a job elsewhere. ” Ouch. Maybe not the nicest way to put it.

Remote Work Isn’t Entirely Off the Table

Hold on, it’s not all bad news for remote work fans. JPMorgan does have some fully remote positions. About 10% of their jobs are staying that way. They’ve even created virtual call centers in cities like Baltimore and Detroit. It’s not a complete ban.

Why the Big Push to Return?

Dimon thinks that while remote work might be fine for some jobs, it doesn’t work for everyone. He says 60% of JPMorgan staff, including big shots like managing directors and salespeople, are already in the office five days a week. The policy change mainly affects back-office staff who were doing hybrid work.

Employees Aren’t Happy

This new policy didn’t exactly get a standing ovation. Employees flooded the company’s internal website with complaints about longer commutes and a worse work-life balance. Some even started a petition asking Dimon to make hybrid work the default. As of right now, over 1,800 people have signed it.

JPMorgan Joins the Crowd

JPMorgan is a huge deal, the biggest bank in the U. S. with almost $4 trillion in assets. By requiring everyone back in the office, they’re following in the footsteps of companies like Amazon, Walmart, and AT&T. Will this become the new normal? Time will tell.