Gordon Lamphere’s Post

I see many comments regarding the fact that Jamie Dimon is asking people to come to the office because they are invested in office real estate. I haven't done tones of research about this but here is some data: - JPM has ~$16b in office loans - 2023 JPM reported a total loan balance of ~$1.32t That's what, less than 1.5%? Ok, how much do they spend on employees? For 2023: JPM's total compensation amounted to $45.5 billion. So the impact of a productive work force is a lot bigger than what they have invested in office real estate. As a rule of thumb, I always assume that people are not stupid when it comes to their self interest and this is 10x the case for someone like the CEO of JPM. I highly doubt that this decision was made because Jamie Dimon is an old school office worker and he just likes everyone to suffer the same way that he did. I assume that they are seeing a decline in productivity and are taking steps to fix it. People strawman the argument why many smart leaders of well ran companies want their employees back in the office. It's not because they want you to suffer the same way, or because of office real estate. It all goes back to productivity. That is the #1 factor when it comes to a company's success.

Office doesn’t need to be binary. If your primary value to employer is being a “butt-in-chair” for 8 hours, you’re not being evaluated on the value you bring! It’s a “skill issue” of leadership to not know how to manage and retain high performing remote employees. I like having an office, and flexibility to focus at home, a library, etc. At Anchorage Digital we have found a balance to ensure high bandwidth conversations can happen at off sites in person and teams continue working remotely. Of course if you’re affected, Anchorage is hiring.

when your extended team is spread across three continents and timezones, when all studies confirm the performance of remote workers when managed with the right level of trust and control, this unilateral decision cannot have only one goal, which is subtly expressed in the second part of the sentence. I feel sad for my former colleagues and friends who for most had found a great balance in their hybrid work. Now to find solutions within a month, give up on time with children, administration facilities, wellness moments that were all compensated with extended working hours. Wishing you all the best to find your new work life balance. At Arenema, we will keep our Remote Model. Office time will remain the exception and not the rule. times have changed. flexibility is the key for long term work relationship. Work Home, Work Less, Work better, work smarter.

Given that more than 1.6 million unemployed workers have been job hunting for at least six months, an increase of over 50% since the end of 2022, how might JPMorgan Chase’s mandate for a full-time office return impact employee retention and recruitment, especially considering the shift from the flexibility-driven job market of 2020-2022? Harrison, D. (2025, January 5). “The Long Job Hunt Is Back: Number of Long-Term Unemployed Workers Rises.” The Wall Street Journal. Retrieved from https://lnkd.in/eFATiad7.

I fully respect this decision. The Benefits of Return-to-Work Policies 1. Enhanced Collaboration: - Studies show that face-to-face interactions can boost creativity and collaboration. A Stanford study found that in-person teams are more effective at generating and implementing innovative ideas. 2. Improved Communication: - Physical presence in the workplace often leads to fewer misunderstandings and more effective communication. According to Gallup, employees who work in the office report higher clarity in their work tasks. 3. Professional Development: - Office environments provide more opportunities for mentorship and spontaneous learning. Data from the Harvard Business Review indicates that in-person settings facilitate better on-the-job training and career growth. 4. Company Culture and Morale: - Being physically together can strengthen company culture and team cohesion. A survey by Buffer indicated that 21% of remote workers felt disconnected from their company's culture, which could be mitigated by office presence. 5. Productivity Gains: - For some, the office environment minimizes distractions common in home settings. A study by Prodoscore found productivity levels in office settings to be 10% higher compared to remote work. 6. Economic Benefits: - RTW policies can stimulate local economies by increasing foot traffic in business districts, benefiting small businesses like cafes and restaurants. 7. Health and Well-being: - The office environment can promote better work-life balance for some by providing a clear separation between work and home life. Additionally, the social aspect of working in an office can combat feelings of isolation. 8. Immediate Access to Resources: - Access to office equipment, IT support, and collaborative tools can be more straightforward, enhancing the ability to work without the tech hassles sometimes faced at home. 9. Networking Opportunities: - Physical office spaces can foster networking, both within the company and with external stakeholders through meetings, events, or impromptu discussions. 10. Structured Environment: - Some individuals thrive in the structured environment of an office, which can help in managing time and tasks more efficiently. Return-to-work policies, when designed with flexibility in mind, can offer a blend of these benefits, enhancing both employee satisfaction and organizational performance. However, it's crucial that these policies are balanced with the flexibility that many employees have come to value from remote work.

JPMorganChase is evaluating options for its European headquarters in London as it outgrows its current office in Canary Wharf. The bank is considering three possibilities: upgrading its existing 25 Bank Street building, constructing a new tower in Canary Wharf on land it already owns, or relocating to central London. The bank’s need for additional office space, potentially 1.5-2 million square feet, is driven by its expanding workforce, including employees from its retail subsidiary Chase UK. No final decision has been made yet, but the move is expected to take years, with a decision likely after the bank’s U.S. headquarters opens in New York next year. https://lnkd.in/er-YEFZy

JPMorgan Chase is making full-time return to office compulsory for its employees. America's largest bank is said to be following the lead of CEO Jamie Dimon and other Wall Street leaders like those at #GoldmanSachs and #MorganStanley, who believe in-person work fosters better learning, innovation, and company culture. With this, #JPMorgan joins a growing list of major corporations, including AT&T, #Amazon, and #Walmart that are implementing stricter return-to-office policies.

JP Morgan Chase & Co. is more than just a bank 😳 . . Let’s explore the key factors behind the success . . 1. A Legacy of Innovation • 19th-Century Roots The firm traces its origins to the late 19th century, founded by the legendary financier J.P. Morgan. • Adapting to Change The ability to adapt to evolving market dynamics and technological advancements has been instrumental in its longevity. 2. Strong Leadership and Visionary Founders • J.P. Morgan's Vision The firm's namesake, J.P. Morgan, was a visionary leader who laid the foundation for the institution's success. • Succession Planning JP Morgan has consistently nurtured strong leadership, ensuring a seamless transition of power and maintaining its strategic direction. 3. Diversification and Risk Management • Multiple Revenue Streams The firm's diversified business model, encompassing investment banking, asset management, and consumer and commercial banking, has helped mitigate risks. • Risk Management A strong focus on risk management has enabled JP Morgan to weather financial storms and emerge stronger. 4. Global Reach and Strategic Partnerships • International Presence JP Morgan's extensive global network allows it to capitalize on opportunities in emerging markets. • Strategic Alliances Collaborations with other financial institutions and corporations have further solidified its position. 5. A Culture of Excellence and Integrity • Talent Acquisition and Development The firm's commitment to attracting and retaining top talent has been a key driver of success. • Ethical Conduct A strong emphasis on ethical business practices has built trust with clients and regulators. Why it Matters to Finance Professionals? - Career Opportunities - Industry Insights - Case Studies Follow me Pooja Agrawal for more such content. Comment Your Thoughts in the comments👇🏻 Stay Tuned.... #JPMorgan #InvestmentBanking #Finance #linkedin

Your IT budget may not be $15 billion, but you can still learn a lot from how the CIO of JPMorgan Chase makes decisions. In this interview, they discuss the importance of having multiple budgets: one to cover operational expenses and one to cover innovation projects. Both are critical. This ensures that current operations run smoothly and that the company remains future-proof. Whether you have $15 billion or $15, we take your budget seriously. We're a partner for operations or innovation, whatever you need to grow 💻🔗 https://tcrn.ch/3X4NVNP

Apple has reportedly engaged in discussions with Barclays to replace Goldman Sachs as its credit card partner, according to sources cited by Reuters. #fintechnews #creditcard #financialservices #ThePaypers