JPMorgan Chase is cracking down on new hires who try to jump ship too early. The bank is reportedly warning new recruits that accepting another job within their first 18 months will result in immediate termination.
No Job Hunting During Your First Year and a Half
A leaked internal memo, shared on Instagram, reveals the firm’s new policy. The memo states that job searching outside of JPMorgan must be done on personal time and shouldn’t interfere with work. It emphasizes the importance of avoiding conflicts of interest and clearly states that accepting another job offer before starting at JPM or within the first 18 months will lead to immediate dismissal.
CEO Calls It Unethical
JPMorgan CEO Jamie Dimon reportedly considers this behavior unethical, citing potential conflicts of interest. The bank’s stricter policy seems aimed at curbing what it sees as “talent poaching” by competitors. Essentially, they’re saying: commit to us for at least a year and a half, or don’t bother applying.
