All the valuable employees: go to work somewhere else
Jamie Dimon: shocked Pikachu
I worked for JPMorgan Chase before and this doesn’t surprise me one bit. Such a backasswards company that cares little for its customers or its employees. I will forever avoid doing any sort of business with Chase for as long as I live. Complete trash.
Preach. Same. Terrible company to work for and they dont give a shit about its consumers.
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Yeah, but think of all the Arby’s and McDonald’s restaurants that are no longer getting any business from on-site employees!!1 Will someone please think of the poor Arby’s?!
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I bet he said this from an “off-site” and hasn’t been in the office in weeks
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It is july?
Prime summer holiday month, at least where i live.
Oh, alright. That’s pretty much what I’ve been doing. Is he expecting the people do back down on idiotic threats? I’ve been on the job hunt for pretty much exactly 19 minutes before I’ve got a call from HR of my new company and two meetings later they were happy to give me a remote first contract. At least where I am it’s not hard to get a good paying job from home if you’ve got some experience. My colleague had a harsher time because she was just getting into development, but it was not like she had to hunt for long.
Well. Im sure you will attract the best and the brightest.
Gee, I wonder how much he and JPMorgan are invested in commercial real estate.
… and car manufacturers, and oil companies, and tire companies, and the fast food franchises lining every freeway exit…
Ill give you a hint: JPMC owns one of the largest buildings in the United States, second only to the Pentagon. Their Columbus location is a multi-mile long, 6 story, repurposed Mall. And thats just one of 8 Non-Branch locations they use in Columbus.
I know dozens of people who work there. Most hate it
Parking is atrocious and you have to walk like 10 minutes from your spot to the building. And then I’m the building another 5 to your office
Oh and you thought you were leaving at 5? It’s a 30 minute commute just from the parking lot to the first street because of the traffic
Lol. So accurate. The streets to I70 are fucked, then you get on I70 and its backed up all the way to 270. Awful lmao.
Know what’s a good idea? Taking the two most important freeways in the city and having their on and off ramps overlap, and it’s for only 200 feet total. Won’t cause any traffic
Hang on!
If it was a shopping mall, surely it had really good parking. Why does everyone go to shopping malls instead of town centres? It easy to park!
They must have actively tried to break it!
It’s mostly due to the sheer amount of people who work in the building. The building holds over 10k employees. Problem is, everyone wants to park near their office space so they dont have to walk a mile or two to get to the other side of the building. So it gets cluttered very quickly around key lots.
Also, there’s no parking garages. It was a flat lot until a few yesra ago. Now its a flat lot with a second story.
Shopping malls tend to have choke points where the rapidly flowing road traffic transitions to more random car park traffic. Not a problem if a few thousand people are coming and going as they please throughout the day but thousands of people arriving together at 9:00 and leaving together at 17:00… they’re just not designed for that sort of thing.
This guy’s like an old record…should find something new to say…
There’s more nuance to what he said if people take time to read the article. I’m a huge fan of working from home, but it has drawbacks. One that Jamie notes is that a lack of office environment is terrible for someone starting their career, which is true.
You aren’t going to get people who will be willing to accept that anything but full WFH would be good here.
I assure you, JPMC office environments, as they currently are used, are useless. They’re making everyone operate as though we work from home, while in office. We still use Zoom for everything… 40 feet away from eachother. Its as stupid as it sounds.
Do people meet in meeting rooms as well or it’s all just Zoom?
And usually you go into a meeting room with a few others to do a video call with someone. Why not just do it from home?
I think that’s ok? People are in different offices, but as long as you can also work with the local people…
I’m a fan of hybrid, with like 4/5 days at home, assuming people aren’t heavily distracted at home.
All Zoom. All the time. Nobody uses the meeting rooms anymore unless they’re for 1 on 1 conversations that cant be held on the floor.
Ouch, yeah that defeats the purpose
His employees should take him up on that.
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Go ahead and queue up the shocked Pikachu face when they do. Average is something like 30% of people being told to return to office will instead resign, across all industries.
This is the ONLY thing they listen to. If you want to work from home and your employer doesn’t let you, it’s time to quit.
I have nothing bad to say about people who prefer going in to the office. I respect your preference and I understand it is necessary for some positions. You are valuable, too, and there’s plenty of places that would love to have you.
There’s room in this work world for both types of jobs. It’s not an either-or choice.
Anyone who can WFH and wants to WFH should be allowed to do so, full stop.
I just want to interject that more people could probably be successful small business owners if they wanted to, instead of just getting another job. Small business also usually benefit humans more than corporations.
We need universal healthcare. That is the stopping point for many. People done see how they can guarantee healthcare if they start a business. I really think a huge part of the lobbying against universal healthcare is large businesses knowing it prevents competition.
Can’t you get Obamacare?
It is expensive, and in a lean month for a new business, you might not afford it. Many, especially people with kids or chronic illness can’t take that risk.
Also, that doesn’t speak to hiring employees. Larger companies offering health insurance puts small businesses at a huge competitive disadvantage.
never had a good experience dealing with Chase, I guess leadership feels the same for the employees?
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They say the fish stinks from the head. Jamie Dimon is your typical corporate CEO asshole. I wouldn’t expect any different.
That vast majority of their former employees that I’ve spoken to feel the same way
If you’re just joining us, the is the “Fuck Around” part of the meme. See you soon when he realizes how right he is!
“We’re not going to make that decision because we’re pandering to employees”
Is there such a thing as “pandering to employees”? The employees are doing the real work to keep the company going, while Dimon’s work apparently includes appearing on news stations ridiculing said employees.
Hopefully the next headline we hear about J.P. Morgan will be a mass voluntary attrition.
This is the state capitalism is currently. Raising morale of the employees is now “pandering”.
Another dinosaur from the past century resisting
21th21st century.Twenty-oneth century
I think it’s pronounced, “twenty-firth century”
“twenty-firth thentury”
FTFY
That’s what Mike Tyson calls it, so who are we to argue?
Meanwhile, back in reality, my company isn’t upside down on commercial real estate & likes making more money so we are getting a smaller office to house our servers & equipment.
My company did the same. We had a six week assessment period where everyone was required to come in two days per week. Once that data showed no major difference in output, we got a smaller office (for receiving and such) and everyone was told the office is optional. Smart business that kept people happy.
This right here.
Find me a company deeply invested in office real estate (in particular, expecting a return on that real estate), and I’ll show you a company against remote work.
The real detriments don’t exist. True, I have met workers that don’t like remote work: companies have latched on to those people as an excuse to continue what is otherwise an entirely transparent narrative.
If anything I gain productivity by working from home. I see companies that don’t support that kind of work as entirely being behind the curve.
Mine was a bit hesitant but they are now talking seriously about getting rid of more offices and they had done one pass on that before. I would sorta like them to have an office subscription
That’s OK, I didn’t have any desire to work for that asshole anyway…
Most folks are exponentially more productive when they don’t have to waste hours of their day (stressfully) driving/public transit from A to B just to do their job.
Yeah but have you thought about this Boomer’s CRE clients/friends? What about his origination business?
You are insensitive… why do you hate freedom and holy profit of another man who works very hard for every penny.
I am way more productive when I’m not also being constantly interrupted by the people around me all day long. When I sit down to work at home I will go hours without even looking up from my screen. When my attention is interrupted in the office, which happens regularly, it takes me a good 5-7min to focus again. Repeat that same process a couple times an hour and not a lot gets done.
I can’t believe how much time I waste in the office. It’s unbelievable. I will say that certain meetings in the office are better. However, maybe a day or so for those but for the most part. It’s such a waste.