Citigroup's CEO Jane Fraser has confirmed that the bank will continue offering a hybrid work model, allowing employees to work remotely at least two days per week. This decision was communicated in a quarterly call with Citigroup's managing directors. The move stands out as major financial institutions like JPMorgan and Goldman Sachs are insisting on stricter in-office requirements. Fraser believes that maintaining flexibility in work arrangements gives Citigroup a competitive edge in retaining talent compared to peers advocating a return to five-day office work.
Citigroup CEO Jane Fraser announced that the bank will maintain a hybrid work model, allowing employees to work remotely at least two days a week.
Fraser believes that Citi's flexible in-office requirements provide a competitive advantage, contrasting with the stricter return-to-office policies of major U.S. banks.
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