Citigroup CEO Jane Fraser is planning to keep hybrid work—despite JPMorgan Chase and Goldman Sachs's preference for a return to office.
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00:00Citigroup plans to maintain a hybrid work policy despite the broader industry trend toward return to office mandates.
00:05This decision comes after big companies like Amazon and JPMorgan Chase announced a full-time return to the office.
00:11According to the Financial Times, Citi CEO Jane Fraser reportedly told top executives that the flexibility could serve as a competitive advantage
00:19to poach top talent looking to leave competitors with more stringent RTO mandates.
00:23Goldman Sachs has instituted an official corporate policy of full-time office work.
00:27And last month, JPMorgan told employees that the bank would require workers to be back in person five days per week starting as early as March,
00:35even though executives acknowledged in a memo that they knew the move would be unpopular with employees.
00:40It all comes as JPMorgan is set to open a new global headquarters in New York City,
00:44and after several workers told Fortune they were unhappy with their low pay bumps and bonuses.