NEW YORK–One of the nation’s largest banks, Citi, said it will allow hybrid employees to work remotely for two weeks of their choice in August.
The news was first reported by Business Insider which reported it had reviewed a memo sent to employees by the bank.
“We’ve selected August because it is traditionally a quieter time for some of our businesses and clients, when many are already out of the office due to vacations,” Sara Wechter, the bank’s chief human resources officer, said in the memo, according to the report.
‘Effective Tool’
In its analysis, BankingDive noted Citi was an early-COVID-era pioneer in hybrid scheduling, a commitment the bank has reaffirmed, “calling it an effective tool to attract and retain talent.”
While Citi has offered a similar two-week remote period to hybrid employees every December, it hasn’t given a blanket out-of-office green light in August since 2022, BankingDive reported.
The move runs counter to that of several other large banks, including JPMorganChase and BNY, which have called employees back into the office.
