Jane Fraser’s brilliant plan: make sure we’re in the office exactly three days a week... or else. Skip a day? Smaller paycheck and a poor year-end rating await.
And from August through December, managers will be running reports to punish anyone who doesn’t comply. Because nothing screams “visionary leadership” like micromanaging badge swipes instead of actually solving real business problems .
29 replies (most recent on top)
@f8 not true. All fakes.
@yb Citi has sold a few campuses already.
instead laying off employees why not JF try selling off the real estate or renting a smaller place...end of the day , what makes money is what makes sense to the bank anyway
@bm perhaps your area works well with everyone in the office. You must have a very small team that works at one location. Many areas are spread out all over the globe.
@db and we didn’t have to work around the clock with endless demands like we have now. Do more with less has turned into ki-l yourself with work since we have cut everything but our demands. If you don’t like it, quit so that we can think about whether or not to backfill while saving on paying out a severance. This company has never been so insane across the board as we see it now.
We should have 4 days at office.
@v6 JPMC, Blackrock and Morgan Stanley pay more than $hitibank.
They pay a higher risk premium than $hitibank.
For higher risk (RTO), employees expect and want a higher return (Base Salary).
RTO means higher commuting costs (public transportation, parking, gasoline, car maintenance, time wasted Not spent commuting (could be round trip 3+hours each day), etc.), Child-Day Care expenses, mental and physical burnout, etc..).
You can always leave and go work at a bank that mandates 5. Even blackrock and morgan stanley are 4..
So scoff if you will but citi at 3 is rare
RTO aside from being leveraged to satiate governments with tax boost and profits from grants as well as staving off commercial real estate collapse, is a powerful tool in the quiet cutting toolbox. Make your job as miserable and difficult as they can and you leave on your own to save severance. Its a win, win, win for the bank.
@f8 said the guy throwing a tantrum…
I used to go in 5. So I appreciate 3. I stay home end of the week and enjoy my programs.
They’re treating us like children, this isn’t a school or college, for God’s sake. This kind of micromanagement is exactly what’s sinking Citi. I’ve even heard they have reports with timestamps for entry and exit, plus computer and VPN logins. Absolutely crazy. Ge----o at its finest.
Hahaha yeah my boss says 1 to 2 is coo de lah
The only issue is this requirement is inconsistent. Some are required in one day, two days, three days or no day! So called business need that favorites can work remotely and we are ki-ling ourselves to com in 3 days.
I guess this might be the one time it's good to be old? I'll step in and gladly take yer spot
@db not going back! Thank god I’m retiring.
Alot of us did 5 days for years and for decades. I know we had to trim beard and tuck shirt in, but hey we did it
@OP be thankful. Before the KungFlu it was 5 days a week.
all 5 days and saturdays too...
@bm you must be a manager or a new hire, duh!
Why shouldn’t it be all 5 days a week? It is always more productive when in office an this will help managers build teams locally.
3 or 4 is still better than 5 chica
@aw LOL
There was an announcement that during Aug. you can pick any two weeks to WFH.
Other than that, I’m not aware of any other NEW announcement.
You are incorrect
it's been monitored with manager reports for years
Is office attendance being monitored via badge swipes or VPN connections?
I work with APAC colleagues, and most days I log in at night, so my user will reflect a mix of office and home internet usage.
Also, do you know if the report takes time spent in the office into account, or if leaving early-for example, to take my kids to school-is also tracked?
It’s 1-2 days in Tampa. I’d advise you all to move here but there’s no space….
This is something new, has been in place for last couple of years