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Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
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The Markets
by Proactive
Proactive UK has moved.
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Financial Services

Citi gets tough on staff avoiding coming into offices

Citigroup Inc (NYSE:C) will start enforcing a rule for workers to be in the office at least three days a week, saying it will "hold colleagues accountable" for doing so, potentially by taking it into account in performance reviews.

This comes fresh from the US bank planning 5,000 layoffs.

With hybrid working here to stay for most services companies since the pandemic, the bank's statement on Thursday suggested some employees were resisting.

The bank will now check whether employees are coming into the office the required number of days, Bloomberg reported, and will consider office attendance when rating employees' performance and pay.

"We are committed to our hybrid work model and proud of the flexibility it provides our colleagues to work at least three days per week in the office and up to two days remotely," the bank said in a statement to media, shared by Reuters.

"We have firm expectations for office attendance and know that the majority of our employees are compliant with their requirements."

"As necessary, we hold colleagues accountable for adhering to their in-office days."

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