JPMorganChase CEO Jamie Dimon said during a Wednesday town hall he didn’t care how many employees signed a petition to bring back hybrid work. The company in mid-January announced a 100% return-to-office mandate, which angered many employees, who argue the move “disproportionately” pushed out women, caregivers, senior employees, and employees with disabilities.
Thing is, corporate ownership also owns a lot of commercial real estate. This push is entirely about saving that investment.
For companies like this, that’s true, but I see this push from tons of companies who don’t have a stake in that and just rent their office. Maybe it’s about saving the value on long term leases for them?
Another couple of reasons:
A) It gets people to quit, so the company doesn’t have to fire them
B) It selects for those who are loyal, allowing them to filter out those that are unwilling to be pushed around