JPMorgan analyst who slammed Jamie Dimon over RTO – Business News
The JPMorgan tech analyst who nearly misplaced his job after slamming Jamie Dimon over the bank’s return-to-office coverage can also be allegedly behind a string of inflammatory Reddit posts that skewered the legendary CEO, The Post has realized.
Leaked screenshots from a chat group on the encrypted messaging app Signal and reviewed by The Post seem to show Nicolas Welch — who grabbed headlines final month when he publicly challenged Dimon over the bank’s work-from-home clampdown — boasting about sarcastic Reddit posts he had written beneath the headline, “Hey there, Uncle Jamie.”
Posting on the favored message board beneath the pseudonym Hungry_Walrus2736, Welch seemingly had ripped Dimon’s “archaic sensibilities” over his drive to ban people from working from home.
“As much as you are the figurehead, the reality is that we built this company. We are responsible for that value increase. And one-third of your employees accomplished that from home,” Welch apparently ranted.
Welch has been a vocal critic of Dimon’s RTO stance in public and online. Nicolas Welch/Facebook
Welch, who publicly clashed with Dimon at an all-hands assembly in Columbus, Ohio, posted within the Signal group that he was in a position “to maintain plausible deniability by not using my name” on Reddit.
But screenshots obtained by The Post show that the feisty technology analyst failed to make use of a pseudonym on the encrypted chat service.
Sources instructed The Post the Signal group had been created to prepare in opposition to the company’s new requirement that workers come to the workplace 5 days a week as a substitute of three.
Welch went on to reveal that he had a rapport with a Business Insider reporter, boasting that “I’ve got her cell number” and saying he labored together with her “on a couple of articles” prior to now.
Welch didn’t use a pseudonym within the Signal chat.
He additionally boasted about his “person from Business Insider.”
Welch added that the outlet, which first reported the existence of the Signal group, was planning a piece on how the RTO mandate will pressure JPMorgan’s workers into “paying a ton more for childcare, figuring out how they will car[e] for aging loved ones, etc…”
Another member of the chat posting as ‘Bob Banker’ then weighed in on how the Signal group’s members would possibly proceed partaking with the media sooner or later.
“I might wait to post more stories on Reddit,” the consumer wrote. “That way, we conserve our stories for moments of maximum impact instead of drip by drip.”
Welch didn’t reply to a request for remark. A consultant for JPMorgan didn’t reply to a request for remark.
Leaks from the Signal group chats might land Welch in scorching water again after he managed to narrowly cling to his job simply over a month in the past.
Dimon stated he needs all JPMorgan employees back within the workplace as a result of he believes it fosters innovation and effectivity. CQ-Roll Call, Inc through Getty Images
The Signal chat members repeatedly seek advice from Nicholas Welch as the identical particular person from the city corridor.
A JPMorgan rep insisted on the time that Welch “didn’t say anything wrong in the town hall.”
The company additionally disputed a report that he was fired after which rehired.
Welch, who is reportedly going by way of a divorce, had publicly questioned Dimon on the mid-February powwow in Columbus — the place Dimon grabbed headlines for occurring a foul-mouthed rant in response to pushback in opposition to his RTO coverage.
The 69-year-old CEO stated the COVID-era work-from-home coverage was stifling innovation and effectivity.
It prompted Welch, who has been with the bank for 10 years, to ask on the occasion whether or not the choice ought to be left to lower-level managers.
Dimon instructed his rank-and-file that they need to not “waste time” by signing a petition that had been circulating demanding that the company maintain off on bringing back RTO 5 days a week.
“I don’t care how many sign that f—-king petition,” the JPMorgan boss was quoted as saying by Barron’s, which first obtained a leaked recording of February’s assembly.
The petition claimed that the new mandate disrupts “work-life balance, increases commuting costs, and dismisses the lessons learned during the pandemic.”
Dimon additionally complained that workers don’t focus when participating in Zoom calls.
JPMorgan Chase’s new world headquarters at 270 Park Avenue in Midtown Manhattan, designed by British architect Norman Foster, is set to open in August 2025. Foster + Partners
The $3 billion headquarters at 270 Park Ave will embody a yoga studio, a food courtroom and even a pub. Foster + Partners
Dimon’s stance comes amid a nationwide crackdown on distant work by a number of main corporations, together with crosstown rival Goldman Sachs.
Even US authorities pen-pushers are being pressured back to the workplace 5 days a week after an government order from President Donald Trump.
All of JPMorgan’s 317,000 workers have been instructed Jan. 10 that they needed to finish their hybrid work and go back to the workplace 5 days a week, efficient from earlier this month.
Dimon additionally has another excuse to demand his employees clock back in.
The bank is building a $3 billion, 60-story headquarters at 270 Park Ave that can embody a yoga studio, a food courtroom, and even a pub.
Welch stated he maintained “plausible deniability” by not utilizing his actual title on Reddit.
The long-serving chief government, who raked in an eye-popping $39 million wage final 12 months, recounted a story on the now-infamous city corridor about a wealth management matter that required 14 committee approvals.
“I feel like firing 14 chairmen of committees, I can’t stand it anymore,” he instructed workers. “I’m sorry. It’s my fault. I’m the boss.”
Dimon, who additionally lashed out at DEI-inspired bias coaching, additionally slammed efficiency opinions for the bank’s working committee that might stretch to 6 pages.
“Because of legal and risk, they have to look at it, the regulators might say,” Dimon stated. “I get the thing, I throw it in the God-damned garbage can.”
