JPMorgan Chase CEO Jamie Dimon has firmly rejected calls from employees to reconsider the company’s five-day return-to-office (RTO) policy. During a town hall meeting, Mr Dimon dismissed an internal petition urging for more flexible work arrangements. \”Don’t waste time on it. I don’t care how many people sign that f***ing petition,\” he said. On January 10, the largest US bank informed its 317,000 employees that hybrid work would come to an end, requiring all staff to return to the office five days a week starting in February. Many employees, especially back-office staff, voiced concerns, arguing the change negatively impacted work-life balance and disproportionately affected caregivers, senior employees, women, and individuals with disabilities. Alongside the RTO controversy, JPMorgan Chase has also started notifying employees about upcoming job cuts as part of its downsizing efforts for 2025. The bank said that these layoffs were a small fraction (0.3 per cent) of its total workforce. Despite these cuts, JPMorgan plans to continue hiring in certain areas and redeploy impacted staff.
