JPMorgan employee questioned Dimon's RTO mandate, fired, then told he could stay

<p><pre><code> Less than an hour after Mead’s call to Welch, at 5:14 pm, Monaghan texted Welch and apologized, saying he owed him a beer and a handshake. “I agree with your message, if not the delivery. We good?” Monaghan said in the text. </code></pre> What a complete snake. Fires Mead for speaking truth to power, but then when a bigger dog tells the VP to back down, Monaghan wants to pretend that nothing went amiss?<p>Edit: also, apologizes by text! Could not even man up enough to verbally apologize.

&gt; <i>Dimon then complained of employees wasting time during Zoom meetings, and how headcount for JPMorgan Chase had ballooned by 50,000 in the last four to five years. “We don’t need all those people. We were putting people in jobs because people weren’t doing the jobs they were hired to do in [the] first place,”</i><p>This left me scratching my head. If you work with people from other offices, with RTO you are now not only wasting time on Zoom calls, but also annoying everyone else around you. And the second part is pretty revealing for the strategy actually - why don&#x27;t they just get rid of the people that aren&#x27;t performing? Probably because that would involve severance payments (at least in some cases). Much better to do RTO and let them quit on their own if they don&#x27;t like it...

Don’t ask questions at JPMorgan…<p>&gt; When Welch got to the meeting with Monaghan, he says he found the VP standing in a small conference room, along with another executive, Jeffrey Todd Merrill, Vice President – Global Dedicated IT Support, who was seated. (Merrill was Welch’s boss from 2018 to 2021 but is no longer.) Welch says that Monaghan told him he had “just dragged our whole organization through the mud. Go and clean off your desk and get the fuck out of here,” Welch recalls.<p>Such a strange reaction, did these guys really make this call on their own?

Such weak men running these companies. Their ego is unbounded.

Just from the humiliation this man went through, he should have asked for a severance package, compensation, and then sue them for many reasons, primarily for mental anguish that he asked for the obvious as a newly divorced parent who wants the best for his children.

Isn’t this illegal? Discussing work conditions and policies is protected by labor law.<p>Also something about Dimon’s aggression doesn’t sit well with me, considering the position of JP Morgan is entirely dependent on the public since banks rely on regulatory capture, are too big to fail, tied to the federal reserve, and so on. He pretends he and the company are above their employees in an undeserved way.

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Nothing says big bank more than being yelled at by your ex-boss, with a different ex-boss in the room, while your real boss has no idea what&#x27;s going on, and being maybe, but not really fired.<p>Bank VPs have no discretion to fire people - they&#x27;d need to work through it with HR. That would take weeks to months, unless it was really egregious, or came from someone 4 levels higher. Dimon could have told HR to fire him and it would happen instantly, but some mid-level idiot VP can&#x27;t just fire anyone, especially not their own direct report.<p>I&#x27;m guessing the Director (Mead), who was on vacation, got a rude awakening and had to clean up the mess. Director is still not a big title at a bank the size of JPMC either.<p>But, I&#x27;m assuming she got the story many times from different people, had to come back and tell the first two VPs how stupid they were for yelling at someone and throwing them out of the building, and then talk to the guy&#x27;s direct manager (Cundiff) and straighten things out.<p>Guessing the other two VPs got a shouting at for generating far more risk to the firm by swearing at and fake firing an employee.

Headline is a bit butchered, it should read “was fired”:<p>&gt; JPMorgan employee questioned Dimon&#x27;s RTO mandate, was fired, then told he could stay

All&#x27;s well that ends well.

Sounds like a VP is under a tremendous amount of stress, and took it out on this one employee. This is not professional behavior in the least.<p>The good news is that he manned-up to his mistake by acknowledging it and apologizing and trying to make amends. I&#x27;ve seen many execs never acknowledge their mistakes for yelling, swearing etc, so I give this guy credit. People make mistakes, and unless this VP has a history of doing the same thing, I would take him for his word and it feels like the firing is water under the bridge.