citygroup According to CNBC, the company told most employees they could work remotely for the last two weeks of December.
Employees will be able to log in remotely from anywhere in the country they work from Monday through Friday, Dec. 29, making this week the last in-person experience of the year for many employees, according to people familiar with the situation.
This policy applies to hybrid workers, who make up the majority of the bank’s workforce. 240,000 The employees spoke on condition of anonymity.
Unlike last year, when the benefit was introduced, employees are nervous about CEO Jane Fraser’s major corporate restructuring and are concerned about whether their jobs will last next year. Some people express that. Citigroup said Fraser’s review of the nation’s third-largest bank by assets will be completed by the end of March.
The project, known internally by the codename “Bora Bora,” has already led to executive resignations. release the shutter Part of the company’s municipal bond business. Citigroup announced it would disclose severance payments related to the project in January and again in April.
“This past year has been a year of significant change across the company,” Citigroup’s head of human resources said in a staff memo announcing the remote policy last week. I’m looking forward to it.”
“We hope you enjoy the break from commuting while remaining focused on finishing out the year,” the human resources director said.
read more:Citigroup considers major job cuts as CEO Jane Fraser overhauls her organization, dubbed “Project Bora Bora”
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