Citigroup is calling vaccinated staff in the U.S. back to the office for at least two days a week starting the week of March 21, according to the New York-based bank’s head of human resources.
“Although COVID-19 may never fully go away, we are seeing promising developments,” Sara Wechter said in a post shared to LinkedIn, citing declining case numbers. “These factors have led Citi to decide to move ahead with return to office efforts at all our remaining U.S. locations.”
Citigroup headquarters in New York, U.S., on Friday, Jan. 7, 2022. Citigroup Inc. was the first major Wall Street bank to impose a strict Covid-19 vaccine mandate: Get a shot or face termination. With its deadline fast approaching, the company is preparing for action.
Victor J. Blue/Bloomberg
Wall Street banks for months have pushed for employees to come back to workplaces emptied by the pandemic. Citigroup Chief Executive Jane Fraser has championed a more flexible approach to work.
Federal Reserve Gov. Michael Barr said global supply chain disruptions and inflation caused by tariffs could weigh heaviest on small businesses, especially those with little access to credit.
The fintech's CEO told analysts during Thursday's earnings call that generative AI was taking search by storm and that investors "should absolutely expect us to have an answer for that."