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Citi introduces 'Zoom-free' Fridays

Citi introduces 'Zoom-free' Fridays

Citigroup is to introduce 'Zoom-free' Fridays, as the pressure of working virtually during the pandemic takes its toll on employee well-being.

The policy was revealed in a memo, first seen by Financial News, sent to staff by new boss Jane Fraser, who has also scheduled for a company-wide holiday at the end of May, citing "the need for a reset".

"I know, from your feedback and my own experience, the blurring of lines between home and work and the relentlessness of the pandemic workday have taken a toll on our well-being," she wrote in the memo. "It's simply not sustainable."

The briefing calls on staff to refrain from taking calls outside traditional working hours and on weekends.

"We are of course a global company that operates across time zones, but when our work regularly spills over into nights, very early mornings and weekends, it can prevent us from recharging fully, and that isn't good for you nor, ultimately, for Citi."

Similar actions are being mooted at rival investment bank Goldman Sachs, where CEO David SOlomon has said that he'll try to give junior bankers Saturdays off after complaints about their gruelling 100-hour-a-week schedule became public through a leaked PowerPoint presentation.

Comments: (2)

William F. Gibson
William F. Gibson - IVY Creek Associates - Westport 24 March, 2021, 01:33Be the first to give this comment the thumbs up 0 likes

Easy way top accomplish this … "No ZOOM!!  Everybody back in the office!!"

 

Robin Setty
Robin Setty - ACI Worldwide (EMEA) Limited - Watford 24 March, 2021, 11:43Be the first to give this comment the thumbs up 0 likes

Definitely feeling the Zoom (or in my case Webex) pressure.  It's just too easy to set up a meeting, now that there's no room to book or travel time invovled.  Five hours of continuous calls is not much fun!  Bad for the eyes, the soul and, dare I say it, the bladder. 

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