Citigroup is putting a ban on its staff engaging in internal meetings via zoom calls. The move has been initiated by the company’s CEO Jane Fraser who is emphasizing a healthy work-life balance for the employees. But the meetings with clients and regulators will still happen via the telephone.
″The blurring of lines between home and work and the relentlessness of the pandemic workday have taken a toll on our well-being,” Fraser said in the internal memo. “It’s simply not sustainable. Since a return to any kind of new normal is still a few months away for many of us, we need to reset some of our working practices.”
Jane Fraser took over from the position of CEO from Mike Corbat this month. She has sent a memo across to the group’s staff that said that the zoom-call meetings would be banned on Fridays company-wide. Moreover, she has also announced a firmwide holiday called Citi Reset Day.
The CEO said in the memo that the current work-life is “simply not sustainable.” The bulk of the internal memo focused on the future of work once the pandemic had passed. She wrote that most of the bank roles would be designated as “hybrid.”