While office workers remain at home in accordance to government Covid guidelines and individual corporate policies, a solitary socially distanced company employee sits at his desk in the City of London, the capital's financial district, during the third lockdown of the Coronavirus pandemic, on 9th March 2021, in London, England. Booming markets and seismic changes in the economy have created ample business - and stress - for investment banks during the pandemic. The moves by Citi show how Wall Street firms are responding to the mental health pressure facing employees. Bloomberg News first reported the Citi memo. Dubbed Citi Reset Day, the holiday will take place Friday, May 28. Wall Street bank promises free Pelotons, iPadsįraser also urged employees to take their vacation time and announced Citi will hold a firm-wide holiday for the second year in a row. “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,” she wrote. In addition to Zoom-Free Fridays, Fraser asked employees to try to limit scheduling calls outside of what had been traditional working hours pre-pandemic and on weekends. (C) said employees may still be expected to hop on internal audio-only calls as well as external Zoom calls, including with clients and regulators. “After listening to colleagues around the world,” Fraser wrote, “it became apparent we need to combat the ‘Zoom fatigue’ that many of us feel, so I overcame my initial resistance to this idea.” Goldman Sachs analysts say they work 95-hour weeks and endure 'inhumane' treatment Photographer: Michael Nagle/Bloomberg via Getty Images Michael Nagle/Bloomberg/Getty Images Chief Executive Officer Jane Fraser outlined a net-zero greenhouse-gas emissions target, Goldman Sachs Group Inc. CEO David Solomon is following suit. headquarters in New York, U.S., on Friday, March 5, 2021.
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