JPMorgan CEO Jamie Dimon says remote work 'doesn't work in our business'

Core Viewpoint - JPMorgan Chase CEO Jamie Dimon emphasizes the necessity of returning to the office, arguing that remote work is ineffective for the company's operations and culture [1][9]. Group 1: Remote Work and Company Policy - Dimon expressed his frustration with remote work, stating it "doesn't work in our business" and highlighted that 60% of Americans worked throughout the pandemic without the option to work remotely [1][4]. - The company has mandated that employees return to the office five days a week starting this month, despite some employees quitting over this requirement [6][5]. - Dimon acknowledged that while 10% of employees work from home full-time, the company has successfully implemented virtual call centers in certain locations, indicating a selective approach to remote work [6]. Group 2: Impact on Younger Employees - Dimon raised concerns that younger employees are being left behind due to remote work, as they miss out on essential interactions and learning opportunities that occur in an office environment [7][8]. - He argued that the absence of senior staff in the office could hinder the development of younger employees, emphasizing the importance of in-person communication for their growth [8]. Group 3: Communication and Company Culture - Dimon highlighted the significance of daily in-person interactions for effective communication and decision-making, stating that constant updates and sharing of information are crucial for the company's culture [9]. - He criticized the distractions of remote meetings, such as phone usage during Zoom calls, which can detract from productivity and engagement [9].