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Citigroup to Bring 600 Staff Back to Hong Kong Office This Week

  • Bank to cut work-from-home staff to 50% from 65% from May 20
  • Firm joins HSBC, Barclays returning to work as virus eases
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Wall Street Will Look Very Different When Workers Return

Citigroup Inc. said it will allow an additional 600 staff to resume working from their Hong Kong premises on Wednesday after the city relaxed social-distancing curbs amid an overall reduction in the number of new coronavirus infections.

The bank will implement a new phase of its return-to-site strategy by reducing its work-from-home staff from 65% to about 50%, according to an internal memo. New York-based Citigroup will also enhance precautionary measures, including having employees keep a 2-meter distance between each other “as much as possible” and urging them to stagger their commute to work and lunch breaks to avoid crowding.