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JPMorgan reportedly ending remote work for more than 300k employees

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

#91
post #90
post #12

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.

Didn’t they also need bailouts? Is that really success from being in office?

No

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

#93

Why haven't any environmentalist politicians tried to pass bills to discourage this, e.g., an "unnecessary commute tax" of $500 per employee per workday that could have been remote but that management required to be in the office?

Jamie decided that he gets more out of his vast workforce if they are on site and, given his tenure, he has the data that backs that up.

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

#94
post #24

Earlier quoted context omitted.

Why do the landlords have control over tech ceos?

In this particular case we are talking about a large company that owns a lot of commercial real estate and invests heavily in it. From their point of view, allowing people WFH is acting against the best interests of the company - if these commercial buildings are sitting empty, their value goes down. I see their point but as an employee I would never work for them unless completely broke and desperate - and even then…

They could instead rent it out right? Employees are happy, money is flowing in. win win.

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

#95

Earlier quoted context omitted.

In this particular case we are talking about a large company that owns a lot of commercial real estate and invests heavily in it. From their point of view, allowing people WFH is acting against the best interests of the company - if these commercial buildings are sitting empty, their value goes down. I see their point but as an employee I would never work for them unless completely broke and desperate - and even then…

They could instead rent it out right? Employees are happy, money is flowing in. win win.

Problem is demand. If everyone else also have people working remotely... So what they have to first do is to show it themselves.

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

#96

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.…

Amazon is full RTO in my city and there are now lines down the block for the food trucks this week at lunchtime. I’m sure every business owner is conspiring together to get those captive office workers back in city centers where their wages can be siphoned.

This sounds conspiratorial but where I live this is literally the case. Owners of buildings and large businesses in the downtown core (which has been vacant due to WFH) are collectively lobbying large employers to force RTO. It's not a secret, it's a public project to "save our downtown".

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

#97

Earlier quoted context omitted.

Weird to hear that they’re complaining. On LinkedIn, I often see Amazon employees talking about how RTO has been great or that there’s a positive side to it. Maybe they’re just managers? Or maybe the silent majority is too afraid to speak against it publicly? I feel like Amazon looks very bizarre to an outsider, almost cultish in accepting this new reality of RTO, all just to shill almost universally Chinese made low…

No one is going to trash talk their company on LinkedIn, that’s just a quick way to being unemployable. I’m just talking about techies anyways, and the grumbling I hear in social conversations. It is difficult to get tech workers making > $200k/year to unionize. At that point, it’s more grumbling about first world problems than about oppressive working conditions (yes, working from home is better, but no, RTO isn’t s…

It is definitely tough to get tech workers to unionize. There's a lot of possible lines of organizing like not destroying the Earth, or not contributing to genocide, or solidarity with staff who don't make 200k a year. But historically labour organizing has been about the immediate material circumstances of the workers, because people are pretty selfish and short sighted in aggregate.

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

#98
post #56
post #27

Earlier quoted context omitted.

The same geniuses who said putting back offices in Asia and working async across massive time differences would be a boon now say you have to sit next to somebody to be productive.

A teammate here in the Bay Area is currently collaborating with someone in Israel. It is possibly the worst time zone difference I’ve seen. Worse than Japan/California has been for me.

I once flew from NY to Alberta for a key meeting where the stakeholders didn't come in to their own office and we did the whole thing over the phone. I once spent two days at a different client's office while they were WFH.

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

#99

Earlier quoted context omitted.

No one is going to trash talk their company on LinkedIn, that’s just a quick way to being unemployable. I’m just talking about techies anyways, and the grumbling I hear in social conversations. It is difficult to get tech workers making > $200k/year to unionize. At that point, it’s more grumbling about first world problems than about oppressive working conditions (yes, working from home is better, but no, RTO isn’t s…

It is definitely tough to get tech workers to unionize. There's a lot of possible lines of organizing like not destroying the Earth, or not contributing to genocide, or solidarity with staff who don't make 200k a year. But historically labour organizing has been about the immediate material circumstances of the workers, because people are pretty selfish and short sighted in aggregate.

> or solidarity with staff who don't make 200k a year.

I don’t really see it. Amazon techies wouldn’t have much in common with Amazon warehouse workers, and I’m not seeing any other people they could share solidarity with. But think if you are an SWE say at a traditional manufacturer, your needs and interested are going to differ a lot from someone working the assembly line.

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