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JPMorgan's Jamie Dimon is quietly telling senior managers he wants workers back in the office five days a week: Banking giant is building $3B, 70-story office tower on Park Ave - and doesn't want it to be empty
Daily Mail (U.K.) ^ | August 26, 2022 | Claudia Aoraha

Posted on 08/26/2022 10:38:34 AM PDT by Cecily

JP Morgan's CEO Jamie Dimon has been telling senior managers that he wants rank and file bankers back in the office five days a week in a dramatic shift from their hybrid working model.

The finance giant is currently building a $3billion 70-story office tower on New York's prime Park Avenue - and Dimon is said to be worried that it'll sit empty if staff continue to work from home multiple days a week.

The investment bank's titan has emphasized the company's apprenticeship model - where staff work collaboratively and learn from one another in the office environment.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; News/Current Events; US: New York
KEYWORDS: jamiedimon; jpmorgan
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To: AppyPappy

Before I retired, I could have done much of my work remotely, but certainly not all of it. I never fell into that trap, though, as I saw that people working from home were expected to be available well outside normal hours, as you point out. For me, it was always work is work, home is home, and don’t mix the two. If I had to do something in the evening or on a weekend (happened fairly often), I’d go in and do it.


21 posted on 08/26/2022 10:59:51 AM PDT by HartleyMBaldwin
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To: Cecily

new/juniors learn nothing at home...

how do you get real mentorship/get mentored online???

corporate memory will slowly trickle out the door with the oldhands, and the wheel, will perpetually try to be invented by those that had never seen one


22 posted on 08/26/2022 11:02:24 AM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: Jane Long

My exact thought. The very same guy who claims there’s an economic hurricane coming is laying out $3 billion on Park Ave. In NYC?

What’s wrong with this picture?


23 posted on 08/26/2022 11:02:30 AM PDT by Obadiah (Finishing is better than starting.)
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To: Jane Long

NYC administration has done nothing to improve the situation that they caused.


24 posted on 08/26/2022 11:03:02 AM PDT by AU72
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To: Cecily

Then they need to cut off internet access. Anyone not reporting to the office needs to be dismissed for abandoning their job. This is ridiculous, employees telling their bosses what they will and will not do.


25 posted on 08/26/2022 11:04:10 AM PDT by McGavin999
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To: Cecily

People are afraid of crime. Don’t want to pay gas prices.


26 posted on 08/26/2022 11:04:18 AM PDT by TornadoAlley3 ( I'm Proud To Be An Okie From Muskogee)
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To: AU72

NYC administration has done nothing to improve the situation that they caused.


Do they (anti-American/destructive libs) ever??

No....they just throw MORE taxpayer money at their vile problems.

Too bad their mind-numbed (mostly dead??) base, can’t wake up and see it.


27 posted on 08/26/2022 11:07:07 AM PDT by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
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To: Cecily

I think he’s right. I don’t believe that the work-from-homes are as productive as they say...

The proof in the pudding is the bottom line and the time is soon coming that excuses of Covid-economy can’t hide low bottom line numbers. Somebody has to make the first move and call a spade a spade...

You want a job sitting at your computer then get a job at CNN or something.


28 posted on 08/26/2022 11:07:20 AM PDT by Gaffer (Infidel, and proud of it!)
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To: Obadiah

See #15 and #17.


29 posted on 08/26/2022 11:07:39 AM PDT by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
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To: Jane Long

Okay that makes sense.


30 posted on 08/26/2022 11:09:58 AM PDT by Obadiah (Finishing is better than starting.)
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To: Cecily

When they start building towers it’s time to short the stock.


31 posted on 08/26/2022 11:10:21 AM PDT by immadashell (Save Innocent Lives: Ban Gun Free Zones)
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To: Cecily

You’re right. People are afraid to commute into NYC. It’s dangerous.


32 posted on 08/26/2022 11:12:04 AM PDT by Dr. Scarpetta ( )
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To: TornadoAlley3

The crazies roaming the streets and subways of NYC can’t play the knockout game or worse with you if you aren’t there. Can’t steal your expensive watch and jewelry or purse either.


33 posted on 08/26/2022 11:14:53 AM PDT by Cecily ( )
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To: Cecily

“People who can find work from home or hybrid jobs they like will continue to do so, so good luck filling all that expensive new office space Lumberg,...


“Yeah. If you all could come to the office, that would be great.”


34 posted on 08/26/2022 11:15:06 AM PDT by Ken H (Trump /DeSantis)
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To: qwerty1234

Office space is expensive—especially in places like Manhattan.

Computer tech will continue to improve.

The commutes to big cities are huge time wasters.

There is no way that big office towers will be around (except as historical oddities) in fifty years.

Dumb managers will have to figure out how to deal with it.


35 posted on 08/26/2022 11:15:26 AM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: qwerty1234

I wouldn’t be making a $3B bet on how hospitable NYC will be years down the road. But then, I’m not an expert.


36 posted on 08/26/2022 11:20:26 AM PDT by Ken H (Trump /DeSantis)
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To: Chode

>>new/juniors learn nothing at home...

Exactly - mid/senior people who already know their jobs, many of them can be OK at home - but they are not available to help train and mentor brand new employees - so in the short run companies might be OK, but they really do need to worry about the depth of the bench.


37 posted on 08/26/2022 11:23:22 AM PDT by qwerty1234
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To: qwerty1234

i cannot imagine how my career would have gone wiout the insight of those i was learning from.


38 posted on 08/26/2022 11:33:28 AM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: Chode

Is there any reason mentors and mentees cannot continue to communicate virtually the way they were forced to do during 2+ years of lockdown in NYC?


39 posted on 08/26/2022 11:45:14 AM PDT by Cecily ( )
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To: Alberta's Child

And they tore down a perfectly good 50 story building to build this monument to Jamie.


40 posted on 08/26/2022 11:49:12 AM PDT by Shady (The #JihadJunta: "We are now a nation of Men, Not of Laws. You are not as equal as we are...")
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