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JPMorgan reportedly ending remote work for more than 300k employees

forbes.com

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Re: JPMorgan reportedly ending remote work for more than 300k employees

#11

Post by NomDePlum »

The odd thing about working in an office for global companies like JPMorgan is that so many daily interactions happen with colleagues who are in a different location and/or timezone. Remote communication is part and parcel of the setup so much more than many/most other companies.

The associated benefits of being in a company owned location are almost negligible, at least in the areas I've experienced. Having worked in these types of companies almost all meetings are online anyway even if some of the people are sitting close by, not all are.

Re: JPMorgan reportedly ending remote work for more than 300k employees

#12

Post by rr808 »

I like remote work but literally the most successful banks are all in the office. Citadel never really left. Goldman Sachs was pretty quick back to RTO. JPM is probably the next successful bank. The ones that are most remote really are second tier, I'm not sure if its because they need to try to keep people or its a symptom of the company.

Re: JPMorgan reportedly ending remote work for more than 300k employees

#14

Post by mulmen »

greatgib wrote: post #4
michaelhoney wrote: post #3

"JPMorgan’s leader believes that when employees are inside the office working together (instead of remotely or for a few in-person days here and there) the company and its employees experience greater levels of innovation, creativity and teamwork." tell me about the innovations you've pioneered, Jamie

Screwing people :p But that being said, just think like their boss, when doing remote work you have to record every interaction like email and chats of employees. But when they are in the offi e, you can conspire your fraud in an office room without any record. So remote work easily impact their revenue by limiting their capacity of unethical business practices... https://www.reuters.com/business/france-fines-us-bank…

Sure if all employees are in one office. As soon as you need to talk to someone who is in another location and you’re right back to email and video calls.

Re: JPMorgan reportedly ending remote work for more than 300k employees

#15

Post by AngryData »

realusername wrote: post #9

Let's not sugarcoat it, it's just a way to fire a large number of employees, it's never been a debate about remote work. The issue for them is that usually it's the best employees leaving when done this way and the company is then stagnating.

Also easier to do shady shit when you don't have as much documentation or potential recordings of your meeting discussing nefarious schemes.

Re: JPMorgan reportedly ending remote work for more than 300k employees

#18

Post by bdndndndbve »

People have theorized that RTO mandates are shadow layoffs, but I think they might actually be commercial real estate investors trying to prop up the office market. If large companies are able to force RTO those working conditions will trickle down to smaller employers, which will stop the bleeding of tenants for small and midsized buildings. Those commercial office buildings are owned by REITs and investment banks.

It's like if the landlords that own malls were allowed to ban online shopping.

Re: JPMorgan reportedly ending remote work for more than 300k employees

#19

Post by chuckwolfe »

michaelhoney wrote: post #3

"JPMorgan’s leader believes that when employees are inside the office working together (instead of remotely or for a few in-person days here and there) the company and its employees experience greater levels of innovation, creativity and teamwork." tell me about the innovations you've pioneered, Jamie

At Chase you go into work, find a desk or reserve it online, and then you’re in zoom with London, Ohio and India all day

I see zero point in coming into the office

Re: JPMorgan reportedly ending remote work for more than 300k employees

#20

Post by nulbyte »

NomDePlum wrote: post #11

The odd thing about working in an office for global companies like JPMorgan is that so many daily interactions happen with colleagues who are in a different location and/or timezone. Remote communication is part and parcel of the setup so much more than many/most other companies. The associated benefits of being in a company owned location are almost negligible, at least in the areas I've experienced. Having worked i…

> many daily interactions happen with colleagues who are in a different location and/or timezone

I don't work for JPMorgan, but I experience this every day. My boss is in another state. Fellow team members are in other states. Folks in departments we work closely with are in other states or even countries.

The top brass loves to talk about the supposed benefits of talking shop with colleagues in line at the coffee shop in the lobby. But they tend to forget a few things: a) I'm not interested in talking shop standing in line for coffee, b) I'm not paid enough to live near or commute to HQ, and c) normies like me make up the majority of the company.

I like my job. I like my company. I just wish the bigwigs would get a clue that they don't, in fact, have all the answers, and they never will.

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