Jamie Dimon, fed up with Zoom calls and remote working, says commute to offices will make a comeback

Jamie Dimon, CEO of JP Morgan Chase, speaking at WEF 2019 in Davos, Switzerland on January 23, 2019.

Adam Galica | CNBC

Jamie Dimon is not a fan of the new paradigm of remote working that took hold during the coronavirus pandemic.

JPMorgan CEO Chase has previously told his U.S. employees that they should start getting used to coming home this month with the goal of turning 50% of workers in offices by July. While he agrees with the greater flexibility allowed by employees working from home part-time, that does not replace being in the office, he said at the Wall Street CEO Council on Tuesday. Newspaper.

“We want people to go back to work and I think in September, October, it will look exactly like it was before,” Dimon said. “And everyone will be happy with that, and yeah, the ride, you know people don’t like to commute, but so what.”

While remote working and video conferencing tools like Zoom have been essential in enabling Wall Street traders and bankers to continue working during the pandemic, CEOs including Dimon and David Solomon of Goldman Sachs have expressed their displeasure. with respect to the new model. This contrasts with tech companies like Facebook and Twitter, which have announced a permanent shift to remote working for those who want it.

“I’m about to cancel all of my Zoom meetings,” Dimon said. “I’m done with it.”

By way of illustration, Dimon said he was “brimming with ideas” after a trip to California last year that he would not have gotten Zoom meetings.

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He also claimed that clients told him that in cases where JPMorgan lost business to rivals, it was because “the other guys’ bankers came and ours didn’t. lesson.”

Depending on their roles, employees will still be able to work remotely, Dimon said. JPMorgan currently cannot demand that workers be vaccinated, and they will not force those who oppose it on religious or health grounds, he said.

The shift to part-time remote work “isn’t going to change everything so drastically,” he said. “It has accelerated a trend, but it is not working for young people. It doesn’t work for those who want to rush, it doesn’t work in terms of spontaneous generation of ideas. ”

Still, not everyone at JPMorgan is thrilled with the prospect of spending more time in front of the office.

“A husband’s wife sent me a nasty message about ‘How can you get him in? “Said Dimon.

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