Posted on 08/26/2022 10:38:34 AM PDT by Cecily
JP Morgan's CEO Jamie Dimon has been telling senior managers that he wants rank and file bankers back in the office five days a week in a dramatic shift from their hybrid working model.
The finance giant is currently building a $3billion 70-story office tower on New York's prime Park Avenue - and Dimon is said to be worried that it'll sit empty if staff continue to work from home multiple days a week.
The investment bank's titan has emphasized the company's apprenticeship model - where staff work collaboratively and learn from one another in the office environment.
(Excerpt) Read more at dailymail.co.uk ...
Before I retired, I could have done much of my work remotely, but certainly not all of it. I never fell into that trap, though, as I saw that people working from home were expected to be available well outside normal hours, as you point out. For me, it was always work is work, home is home, and don’t mix the two. If I had to do something in the evening or on a weekend (happened fairly often), I’d go in and do it.
new/juniors learn nothing at home...
how do you get real mentorship/get mentored online???
corporate memory will slowly trickle out the door with the oldhands, and the wheel, will perpetually try to be invented by those that had never seen one
My exact thought. The very same guy who claims there’s an economic hurricane coming is laying out $3 billion on Park Ave. In NYC?
What’s wrong with this picture?
NYC administration has done nothing to improve the situation that they caused.
Then they need to cut off internet access. Anyone not reporting to the office needs to be dismissed for abandoning their job. This is ridiculous, employees telling their bosses what they will and will not do.
People are afraid of crime. Don’t want to pay gas prices.
NYC administration has done nothing to improve the situation that they caused.
Do they (anti-American/destructive libs) ever??
No....they just throw MORE taxpayer money at their vile problems.
Too bad their mind-numbed (mostly dead??) base, can’t wake up and see it.
I think he’s right. I don’t believe that the work-from-homes are as productive as they say...
The proof in the pudding is the bottom line and the time is soon coming that excuses of Covid-economy can’t hide low bottom line numbers. Somebody has to make the first move and call a spade a spade...
You want a job sitting at your computer then get a job at CNN or something.
See #15 and #17.
Okay that makes sense.
When they start building towers it’s time to short the stock.
You’re right. People are afraid to commute into NYC. It’s dangerous.
The crazies roaming the streets and subways of NYC can’t play the knockout game or worse with you if you aren’t there. Can’t steal your expensive watch and jewelry or purse either.
“People who can find work from home or hybrid jobs they like will continue to do so, so good luck filling all that expensive new office space Lumberg,...
“Yeah. If you all could come to the office, that would be great.”
Office space is expensive—especially in places like Manhattan.
Computer tech will continue to improve.
The commutes to big cities are huge time wasters.
There is no way that big office towers will be around (except as historical oddities) in fifty years.
Dumb managers will have to figure out how to deal with it.
I wouldn’t be making a $3B bet on how hospitable NYC will be years down the road. But then, I’m not an expert.
>>new/juniors learn nothing at home...
Exactly - mid/senior people who already know their jobs, many of them can be OK at home - but they are not available to help train and mentor brand new employees - so in the short run companies might be OK, but they really do need to worry about the depth of the bench.
i cannot imagine how my career would have gone wiout the insight of those i was learning from.
Is there any reason mentors and mentees cannot continue to communicate virtually the way they were forced to do during 2+ years of lockdown in NYC?
And they tore down a perfectly good 50 story building to build this monument to Jamie.
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