We maintain that working in the reflected glow of Jamie Dimon, no matter how late at night, is a privilege, but others (e.g. actual employees) don't necessarily see it that way.

Remaining non-exempt employees are being forced to go exempt. This means no overtime for anyone (not even for back- and middle-office peons). They are averaging the overtime that employees did over the last year, and that will be their new base rate. However, it looks like they will be cutting and consolidating more positions, so everyone will be working longer hours, for the same (or less) pay.
The things they can get away with in this labor market are pretty ridiculous.