JPMorgan employee petition against Jamie Dimon's five-day work from office surfaces again after a year as staffers revolt against US largest bank's diktat

Days after JPMorgan Chase CEO Jamie Dimon ordered all staff at America's largest bank to come into the office five days a week, a petition has surfaced urging the chief executive to reverse his plans. The petition was part of complaints over JPMorgan's call to bring employees back to office 5 days a week. The petition has now asked Jamie Dimon to reverse the change. The petition was launched last February and it suggests that most may have accepted that investment banks’ push to bring staff back to the office full time is unlikely to be reversed.

The petition is still live online and is addressed to Wall Street mogul Jamie Dimon. In the petition, employees have complained about losing hybrid working arrangements, reports The Financial Times. Some employees sought advice from the Communications Workers of America on how they might set up a labor union, a rare thing in the US finance sector.

JPMorgan, which employees more than 3 lakh people globally, directed all its employees to return to the office five days a week starting in March, ending a hybrid work-from-home policy that took effect during the pandemic. A year since the petition has been launched, the petition has been signed by 2,000 people out of more than 300,000 global employees.


The mandate took effect in March and applied mainly to the roughly 30% of JPMorgan’s workforce that had been permitted to work from home part of the week. At the time of the announcement, about 70% of staff were already back in the office full time.

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'A career suicide'

Some disgruntled JPMorgan Chase employees are pushing back against Jamie Dimon’s five-day return to office verdict but others worry defying orders would be a “career suicide", the FT report stated. One anonymous JPMorgan employee told the Financial Times they believed adding their name to the petition would be “career suicide.”

Employees at one of America’s largest banks voiced their confusion over their boss’s insistence on a full return to the office, despite team members being spread across different parts of the world.

“My team is spread out through two continents and three time zones,” said a JPMorgan employee who signed a petition to bring back hybrid work. “JPMorgan is a global company — why can’t that include my home office?”

“Hybrid is working and employees love the happy medium,” the staffer told the FT. "We, the workers of JPMorganChase (JPMC), are concerned about the future of our workplace - its integrity, employee satisfaction, and the increasing toxicity that has metastasized in our company culture in the last couple of months," reads the petition.

Jamie Dimon wants work from office compulsory

Jamie Dimon announced the policy at an all-hands town hall last year, telling employees most would be required to work from company offices five days a week. The tech billionaire effectively ended the hybrid model adopted during the COVID pandemic. Dimon went viral for his angry outburst he had about the employee petition at the Town Hall meeting.

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When asked about the in-person work policy during the staff meeting, he said, "Don't waste time on it. I don't care how many people sign that f***ing petition," he said.

Instead, Dimon called for greater efficiency and emphasised that employees have the choice of whether to work at JPMorgan. He asked them not to be angry with him and remarked that it was a free country. Dimon, who has led the lender for 19 years, noted that some staff failed to pay attention during Zoom meetings, which, he said, affected their efficiency and creativity. He also made it clear that in-office requirements would not be left to managers.

"There is no chance that I will leave it up to managers," he said. "Zero chance. The abuse that took place is extraordinary.

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In an interview with CNBC, Dimon said, that he respects employees who don't want to come into the office five days a week, but said the policy will not change because it is best for clients and the company. "I am not against working from home, I am against where it doesn't work," he said, adding that 10% of the bank's jobs are done remotely.

Later in the year, in an interview to Bloomberg, Dimon said that he also understands the appeal of logging in from home; remote work can pan out well for some companies and certain roles.

Talking about his angry response to a question on work from home, he said, “I gave a very detailed answer about why [work from home] doesn’t work for young people, why it doesn’t work for management, why it doesn’t work for innovation,” Dimon said.“I completely applaud your right to not want to go to the office every day. But you’re not going to tell JPMorgan what to do.”