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Jane Fraser, CEO of Citigroup, told senior executives that the bank would continue to allow most employees to work for at least two days a week, in a move in a move with some competitors and Trump administration.
Fraser pledged to preserve the hybrid work schedule on the quarter -executive call with the administrative managers of the American Bank in mid -January, according to the people familiar with the matter.
Citi adheres to flexible work even while other bankers increase their delegations in the office. Barclays On Wednesday, all employees from the office demanded three days a week, up from two.
Last month, Jpmorgan Chase told the employees that the bank would start asking its workers to be someone Five days a week begins in March.
The Trump administration also requires that the US federal employees return to their offices for five days a week, and to submit them Repetition Packages for workers who do not want compliance.
City's decision to adhere to mixed work schedules follow previous pledges by Fraser, which was generally more lenient when it comes to the distant work of senior competitors.
In March 2021, shortly after becoming the CEO, Fraser told employees that the bank intends to embrace hybrid work as a long -term strategy, and not only in response to the epidemic. Since then, Citi has requested that most of its employees be in the office three days a week. Most of the traders and bank branch employees must be in the office five days a week.
In the last management call, Fraser has given the most flexible work requirements in the office a competitive advantage. It can be a CITI employment tool to attract employees who do not like the most solid approach in some competitors. However, the competitors have argued that returning employees to the office full time is vital to enhancing the best cooperation and guidance for young bankers.
However, although it maintained a hybrid policy, Citi has tightened its workplace policies and has climbed the enforcement of the minimum attendance. In August 2023, Citi started tracking the Security Pass Swipes in order to ensure that the workers were at least three days a week.
City also on the right path to spend more than a billion dollars to renew 42 floors Canary Warf Office Tower, which is scheduled to open in 2026.
Although Citi is still official three days a week, some investment bankers say they feel pressure because they are in the office often. A colleagues at Citi Investment said that his division is “four days smooth per week in the office for a long time.”
