Although Fraser sees no need to return to the old ways, Citi’s experiment has shown not all workers can hack it working remotely.
A tool in the war for talentFraser became the first woman to run a major Wall Street bank when she took the Citi CEO role in March 2021.
As part of her mission to cast Citi as the bank “with a soul,” Fraser saw an opportunity to embrace rather than resist a hybrid work schedule that allowed staff flexibility.
It’s simply not sustainable,” she wrote in a memo to Citi’s more than 200,000 global staff.
Most roles at Citi would become hybrid, with three days in the office and up to two at home, she said in the memo.
Persons:
Jane Fraser, Fraser, “, ”, ” Fraser, It’s, “ We’re, …
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