While other firms are forcing 4-5 times in the office per week later this year, Citi is holding steady on the current hybrid approach plus extra flexibility in August and hopefully December. Since cutting back on work from home is a powerful lever to push for more attrition, is Citi just doing this to make themselves look better amongst rival banks? Or does leadership believe that cutting back on remote work will actually hurt productivity and thus the bottom line?
5 replies (most recent on top)
Everyone moans about RTO and WFH. The formula is simple, the days you go into the office, ONLY work 8 hours only…..BAM!!!! Instant work life balance. If they allow you to work from home, then give them more than 8 hours.
So either you just benefit…only 8hrs per day
OR
Both you and Citi benefit….you get to work from home AND Citi gets more work out of you.
Why is this hard to understand?
What about BNY down the road in NYC? They are forcing 4 days back but pay is pitiful compared to all financial services firms.
Citi cannot pay like the rivals it counts itself amongst - JP, GS, MS. So they give some freedom in that respect, which is not bad - for people with families, long commute, etc. wfh can amount to saving 10, even 20% of the after tax salary.
@fv True
Because they are planning layoffs in June/July. Hence, they can do it silently.