It’s official. JD will send an email out by 1pm Friday 01/10. They will pilot return to work full time in the Philippines starting March. Then it will roll out to the rest of the company. Heard from Auto executive leadership team.
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Severance expenses. That's the entire purpose of RTO. To motivate people to quit and forgo any severance as they head out the door.
https://www.msn.com/en-us/money/companies/jpmorgan-chase-disables-employee-comments-after-return-to-office-backlash/ar-BB1rgIMc
Employer wants to reduce costs. What costs are the employers reducing by requiring RTO? This does not make sense. It still think that surveillance and employee control is the reason.
Almost certain Jamie and his goons "leaked" that info to the NY Times themselves ahead of the official announcement.
Soft layoff. That’s why they didn’t do layoffs last year when other banks were. Because JP was waiting to check out how AI/ML models rollout performs across its various lines of business, now they can see the pilot results are past their initial expectations so they can rush the layoffs earlier as RTO. Win win for JD and shareholders, who cares about employees they will get whatever resources they need in India, cheaper.
Intranet is howling in rage.
Jamie Dimon, is literally the devil. 68 years old and running a company like it’s 1978. Until younger CEOs or more progressive CEOs are brought in. This is reality, old school thinking.
Look at Steve Squeri, AMEX CEO. Same age, runs company totally opposite. Happy employees!
The email was posted on the jpmc internal website and comments section was opened.
Even with all commenters having their real names posted, the feedback is universal hate, distrust, disgust, and demoralization.
The beatings will continue until morale improves.
“These decisions have been made in the interest of the company.” Chase doesn’t care about employees so stop giving employees all your
BS on how much you care.
Well, I'm a full-time WFH. I just asked my manager if that applies to me. If that's the case I guess I'm a goner.
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Don't look for, and certainly don't expect, any logic to be applicable to RTO policies.
RTO, at the end of the day, is just another employer vs employee point of departure. The twain shall never agree.
Think of it as another form of compensation.
Employer wants to reduce costs.
Employees want to increase revenue.
Just got the email as well. Bet they are hoping a ton of employees quit willingly so they do not have to formally riff. My whole team is in another location, so I’m not sure I see the sense in returning to the office so I can sit on Zoom all day while they outsource everyone.
Email: We're proud of how our company has successfully adapted and thrived in an ever-changing environment, and this is thanks to all of you. We are a better organization because of your commitment and continued care for our customers, clients, communities and each other. Developing effective teams and maintaining a vibrant, healthy culture are clearly key for our success - and we believe best achieved through working together in person. This is why starting in March, we'll be asking most employees currently on a hybrid schedule to return to the office five days a week. As it stands, more than half of our workforce already comes into the office full-time.
We know that some of you prefer a hybrid schedule and respectfully understand that not everyone will free with this decision. We are now a few years out of the pandemic and have had the time to evaluate re benefits and challenges of remote and hybrid working. We feel that now is The right time to solidify ur full-time in-office approach. We think it is the best way to run the company. As we've discussed efore, the benefits of working together in person are substantial and irreplaceable, and as we spend nore time together, the more advantages we gain. Being together greatly enhances mentoring, earning, brainstorming and getting things done. It accelerates decision-making and offers valuable opportunities for spontaneous learning and creativity. It also allows our early career professionals to learn through our apprenticeship model and expand their networks by building connections with peers across the firm.
Many of our global locations, but not all, have existing capacity to allow for most or all employees to return to the office full-time in early March. We will confirm the list of locations where this is possible the end of January. The evaluation of our locations will focus on operational readiness, including foo services, cleaning and parking. For locations with capacity constraints, or where changes are neede to create capacity, we will work through plans in the coming weeks and will share information and timelines as they become available on a location-by-location basis. Until your location's readiness is confirmed, you should continue on your current work schedule. It's important to note that following a thorough review and applying stringent criteria, a few specific teams whose work can be easily and clearly measured will continue to work remotely or on a hybrid schedule. These decisions have been made in the best interest of the company. If you are on one of these teams, your manager will confirm your schedule.
We recognize that switching from hybrid to five days a week in the office may be disruptive and require adjustments for some colleagues. Importantly we will work to give you at least 30 days' notice in line with local requirements, prior to your full-time return. Once your location is ready, if you need a bit more time to accommodate the new schedule, you should discuss your needs with your manager and get their approval. We know that a lot has changed in our workplaces since returning to the office after the pandemic and recognize that it will take us some time to get all of our locations ready to accommodate a five-day-a-week schedule.
I got my email from operating committee bright and early this morning. Set to return in March.
Update. All locations will return in early March. Contingent upon your site and seating ability. Also it’s only hybrid employees who will return. We will still have a full time WFH presence.
I don’t know the rest of the timeline. We will have final answer tomorrow afternoon though through email.
What does the ROW timeline look like?