Jamie Diamond came out and said if you don't like long commutes into the office than go work some where else. Went onto say remote work is no longer cutting it. Get ready BOA the hand writing is on the wall
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He’s just saying what other CEOs are thinking.
Jamie is a real piece of work. Not a place I would want to work with their camera monitoring software. They track you through cameras all day. Microphone on PC listens to see if you say anything bad and alerts your manager.
Well if Jamie speaks it must be a foregone conclusion. How sad is that.
For decades now, big banks have been notorious for senseless and inane decisions that have ruined most of them. Making the wrong call for the option to work from home is just another big blunder they will all suffer for.
Before you know it, if you want your job then pick from DE, SD, or ND. Boring, cold, and banking friendly!
Jamie said in an interview this week that he's actually "ok if people want to work from home. They just don't have to work here [JPM}"
"All for one, and one for all!" said the elephant as he danced among the mice...
The commercial real estate is in big trouble and thus the banks in bigger troubles. Going back to office will stop the defaults of the commercial loans. Going back or not, San Francisco is gone, no savior for SF. Maybe followed by NY.