Thread regarding JPMorgan Chase & Co. layoffs

The perspective is very short sighted. A banker may be more productive in the office. However, a software engineer is more productive at home where there are no disruptions, noise, and constant traffic around them. It is a matter of time until they see the productivity go down drastically for Tech teams.

Fire JD!

JD is not going to "see" anything.
Any fallout issues of company directives fall on the middle management down. Full 🛑

When people express ideas like "they"ll regret it" as a coping mechanism with employer decisions that negatively impact employees, they are just projecting their hopes.

Most employees are cost centers, which are mainly fixed/sunk costs, like utilities, RE leasing costs, etc.
Losing cost center employees, as talented and dedicated as they may be, will never affect the revenue bottom line, perhaps with the exception of outright sabotage.

Wait until he sees how not giving a sh*t about his employees impacts his beloved bank months from now. His employees need to speak up and get his arrogant @$$ in the media. Company morale already is at an all time low, see how deep he can dig his own hole.

Unsure why anyone would expect otherwise.
With regards to efficiencies, JD's perspective is JPMC centric.
Even when the overall solution to the employer/employee efficiency equation is reduced by moving from WFH to RTO, due to commuting, life/work balance, etc. as long as the 🧎 are in their office 🪑 and the perception is that workers are present and accounted for, mission accomplished.
When weighing hard costs (RE sunk costs (leases, utilities, etc., RE tax abatements, resignations ) vs soft costs (morale, job satisfaction, net net hours spent working vs commuting), hard costs always win

He sounds like our outgoing CEO at Fiserv.