5/26/2023 0 Comments Citigroup zoom![]() ![]() ![]() On Monday, Goldman Sachs CEO announced a number of measures the bank would take to address these concerns, including shifting bankers from other divisions to the busiest teams in the investment bank and hiring more junior bankers. ![]() Last week, an internal survey at Goldman Sachs circulated online showed junior bankers were working an average of 95 hours a week. She is the first female CEO in the firm’s history. The CEO also encouraged employees to take their vacations, while the company announced a firm-wide holiday on May 28.Ĭitigroup also said that post-pandemic, a majority of the roles at the bank would be designated as "Hybrid", allowing employees to work from the office at least three days a week and from home for up to two days a week. Chief Executive Officer, Citi Jane Fraser is the Chief Executive Officer of Citi, a leading global bank, serving millions of consumers, businesses and institutions across nearly 160 countries and jurisdictions. "It's simply not sustainable."Īny internal meetings on Fridays would happen as audio-only calls, according to the memo. "I know from your feedback and my own experience, the blurring of lines between home and work and the relentlessness of the pandemic workday have taken a toll on our well-being," Chief Executive Officer Jane Fraser said in a memo seen by Reuters on Tuesday. Fraser, who took over for predecessor Mike Corbat this month, told staff of. Citigroup is picking its spots, adding 500 front office workers in its wealth business, 200 corporate and investment bankers, and working to digitize parts of its flagship corporate cash. Citi, a leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. While Wall Street is known for its tough work culture, the remote working during the pandemic has been particularly gruelling for most employees, taking enormous toll on their health and mental wellbeing. Citigroup CEO Jane Fraser told staff that she is banning internal video calls on Fridays, encouraging staff to set boundaries for a healthier work-life balance and instituting a firmwide holiday called Citi Reset Day as Covid pandemic fatigue takes a toll on employees. Founded in 1998, Citi is a global financial services company. In a move to combat fatigue triggered by remote working during the Covid-19 pandemic, New York-based bank Citigroup has declared "Zoom-Free Fridays" and encouraged employees to limit calls outside work hours.
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