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Jamie Dimon, who has led America\u2019s largest bank, JPMorgan, for 20 years and through multiple recessions, blasted remote work and offered a stern warning for any younger generations who want to move up the career ladder: Get into the office.\u00a0<\/p>\n
\u201cIf you go to a meeting with me, you got my full friggin\u2019 attention the whole time,\u201d he said at the Hill and Valley Forum, which brought together leaders from Washington and Silicon Valley, on Tuesday.\u00a0<\/p>\n
During the session titled \u201cWealth, Power, and the Next American Century,\u201d Dimon said remote work only works well for certain jobs like call centers, but for everyone else, including young people and managers alike, in-person working is best. Young people, especially, he said, need to work in person because they are still learning.<\/p>\n
\u201cThey learn by going on a sales call. They learn by seeing you make a mistake. They learn by how you deal with the mistake,\u201d Dimon said, adding that remote work also fails to help young people develop their emotional intelligence.<\/p>\n
The problem is universal, Dimon said, and managers should also get comfortable sitting in the office. Video calls, which he compared to the game show Hollywood Squares, where participants sit in a real-life tic-tac-toe board, allow for far fewer checkups than would happen in person where you can ask someone directly for an update.\u00a0Working from home, Dimon said, causes less ownership of a project, less curiosity, and, using a Muhammad Ali tactic, tires people faster.<\/p>\n
\u201cThere\u2019s very little follow-up, a lot more game playing, you know, rope-a-dope type of politics,\u201d he said.<\/p>\n
Plus, he added, \u201ca lot of people aren\u2019t paying attention at all,\u201d as many of them are on their phones while on a video call, a trend which he didn\u2019t notice early on, he said.<\/p>\n
The remarks are not new for the 70-year-old, who has often protested remote work for early-career employees, advocating for an \u201capprentice system\u201d in which younger workers learn from more experienced veterans.<\/p>\n
\u201cYou can\u2019t learn working from your basement,\u201d he said in a Bloomberg interview last year.<\/p>\n
Previously, Dimon has complained that remote work has made it more difficult to reach employees, especially on Fridays, which he said is \u201cnot how you run a great company.\u201d<\/p>\n
Other executives, such as Amazon\u2019s Andy Jassy and Instagram chief Adam Mosseri, have also pushed to bring employees back to the office for a full five days a week in the past two years. Still, not every business leader agrees. Shark Tank star and O\u2019Leary Ventures chairman Kevin O\u2019Leary has often advocated for remote work to better attract top candidates. In a video earlier this month, O\u2019Leary said, \u201cI\u2019d rather hire somebody who can execute and sit in their basement or in their backyard.\u201d<\/p>\n
JPMorgan announced its own five-day in-office policy last year, prompting more than 1,200 employees to sign a petition urging the company to keep its flexible hybrid work model. During a town hall meeting last February, Dimon lashed out at employees for signing what he saw as a meaningless petition.<\/p>\n
\u201cDon\u2019t waste time on it,\u201d Dimon reportedly said during the town hall. \u201cI don\u2019t care how many people sign that f\u2014ing petition.\u201d<\/p>\n
Gen Z pushes back<\/p>\n
Despite what Dimon says, young people are not thrilled by the prospect of working at the office full-time. While employers have leveraged the shaky job market to force employees back, nearly 40% of Gen Z and millennial employees said they would take a pay cut in exchange for more flexibility on where they work, compared with 32% across generations.<\/p>\n
The research on remote work also doesn\u2019t quite align with what executives like Dimon have said. A Bureau of Labor Statistics analysis from 2024 found a statistically significant positive correlation across 61 industries between the pandemic-era rise in remote work and productivity growth, among other positive outcomes. At the same time, Gallup\u2019s State of the Global Workplace report from 2025 found fully remote workers actually report the highest engagement rates at 31%, compared with 23% for hybrid and on-site workers who are remote capable. <\/p>\n
While Dimon acknowledged JPMorgan wants to keep its workers happy, he also said the company has to adapt to what its customers want.\u00a0<\/p>\n
\u201cWe\u2019re not in business so my employee\u2019s happy. I\u2019m in business so my customer\u2019s happy, and I want my employee to be happy, but not at the expense of the customer.\u201d\u00a0<\/p>\n
#Jamie #Dimon #remote #work #breeds #ropeadope #politics #stunts #young #workers #growth<\/p>\n","protected":false},"excerpt":{"rendered":"
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