JPMorgan CEO Clarifies He Still Doesn't Give a Fuck About Employee Petition

Record Profits During Hybrid Work Not Enough for Leadership

NEW YORK — JPMorgan Chase CEO Jamie Dimon issued a clarification following a February town hall in which he told employees he did not "give a fuck" about their petition to preserve hybrid work.

Dimon clarified that while he "should never curse, ever," he still does not give a fuck how many people sign the petition.

"We're not going to change," he told CNBC in a follow-up interview. "We're going back to the office."

The petition, launched by a group calling themselves JPMC Workers, argued that the bank's hybrid model had produced successive years of record profits and that a full return-to-office mandate would disproportionately harm women, caregivers and employees with disabilities. It has gathered over 1,300 signatures. At the town hall, an employee in Columbus, Ohio, asked Dimon to address the concerns.

"Don't waste time on it," Dimon replied, according to a recording reviewed by Reuters. "I don't care how many people sign that fucking petition."

The bank reported US$58.5 billion in net income for fiscal 2024, an 18% increase from the prior year, while about 40% of employees worked hybrid schedules.

Leadership determined that being together in person "greatly enhances mentoring, learning, brainstorming and getting things done," which the company felt was not happening enough during its most profitable year in history.

Employees who raised concerns were reminded that working at JPMorgan is voluntary. "You have a choice whether to work at JPMorgan," Dimon said at the town hall. He did not elaborate on whether this choice felt meaningful to employees with mortgages.

The mandate took effect in March. Employees in London were informed separately that the Canary Wharf office lacks sufficient desks to accommodate everyone and that they would be phased back in floor by floor. ■