JPMorgan CEO Jamie Dimon doubled down on his plan to scrap the bank’s work-from-home policies, launching into a foul-mouthed tirade against staffers angry about returning to the office, according to a report.
During a raucous town hall meeting Wednesday, Dimon tore into a petition — signed by nearly 1,300 workers — over the axing of COVID-era hybrid policies that allowed employees to work from home two days a week.
“Don’t waste time on it. I don’t care how many people sign that f—–g petition,” Dimon said, according to a leaked recording obtained by Reuters.
He also claimed that employees do not concentrate fully when they take part in online Zoom meetings.
“There is no chance that I will leave it up to managers. Zero chance. The abuse that took place is extraordinary,” the boss of the nation’s largest lender told the stunned audience.
He went on to suggest that anyone upset over his mandate could choose to work somewhere else.
Dimon’s comments come amid a nationwide crackdown on remote work by several major firms, including crosstown rival Goldman Sachs.
President Trump also recently signed an executive order forcing US government pen-pushers back to the office.
But that has not stopped stressed-out JPMorgan staffers bashing Dimon’s Jan. 10 announcement that they must turn up at their desks five days a week.
The petition says the new mandate disrupts “work-life balance, increases commuting costs, and dismisses the lessons learned during the pandemic.”
They also pointed to JPMorgan’s record 2024 profits of $58.5 billion as a reason not to change the company’s working arrangements.
Some employees even sought advice from the hard-left Communications Workers of America union about forming a guild, CWA campaign leader Nick Weiner told Reuters.
Dimon, 68, also has another reason to demand his staff clock back in. The bank is building a $3 billion, 60-story headquarters at 270 Park Ave. that will include a yoga studio, a food court and even an Irish pub.
The long-serving CEO, who has been in JPMorgan’s top job for 19 years, also warned during the town hall that the company needs to become more efficient and slash bureaucracy.
Dimon, who raked in an eye-popping $39 million salary last year, recounted a story about a wealth management matter that required 14 committee approvals.
“I feel like firing 14 chairmen of committees, I can’t stand it anymore,” he said. “I’m sorry. It’s my fault. I’m the boss.”
He also cited performance reviews for the bank’s operating committee that could stretch to six pages.
“Because of legal and risk, they have to look at it, the regulators might say,” Dimon said. “I get the thing, I throw it in the God-damned garbage can.”
The Wall Street titan has a reputation for tough, no-nonsense talks. Last year, he ranted against the Biden administration’s overzealous and “stupid” approach to banking regulation.
“I’ve had it with this s–t,” Dimon told a conference of New York finance bigwigs on Oct. 28.
JPMorgan employs more than 300,000 worldwide, although the company is reportedly preparing to lay off around 1,000 staff this month.
When asked about the layoffs, a company spokesperson said: “We continue to invest in hiring new professionals where appropriate and currently have 14,000 open positions.”
With Post wires
