Jul 8, 2022, 12:22 AM
Jim Watson/Getty Images
- JPMorgan Chase appears to be becoming more secretive about an internal system for tracking the employees it employs, Insider reports.
- Executives met in an emergency session following Insider published details of the firm’s method of tracking employees.
- Certain JPMorgan employees are irritated by JPMorgan’s attempts to conceal the existence of its tracking program.
JPMorgan Chase appears to be becoming more secretive about an internal system for tracking the employees it employs, as per an upcoming report by Insider.
The program, dubbed “Workplace Activity Data Utility,” also known as WADU, was first disclosed through Insider back in the month of May. The application tracks how JPMorgan’s hundreds of thousand of employees use their time in the office, from attendance to the length of time they’re using Zoom calls or working with Microsoft Office applications like Excel.
JPMorgan executives met in an emergency session following Insider’s initial report regarding WADU and have tried to restrict accessibility to WADU. Managers have been told to relay updated policies of the company by mouth, rather than in writing, in order to prevent leaks to the media, as reported by Insider.
Insider has reported that some employees are discontented with JPMorgan’s efforts to track their activities in every way and subsequent efforts to cover up these programs in secret.
A person who was at the meeting on emergency said to Insider they “people felt disgusted.
JPMorgan Chief Executive Officer Jamie Dimon has shared his dislike at remote-based work previously, stating that it is detrimental to an organization’s “character” of a company. JPMorgan is now using an alternative work policy that is hybrid that allows for hybrid work, and Insider first published the issue in April. the bank was tracking employees’ ID swipes to enforce this policy, which has led certain employees to seek job opportunities elsewhere.
Check out the latest news about JPMorgan on this page.
Find the latest JPM prices below.