Citigroup Plans to Return 5% of U.S., Canada Staff in Early July
- Some of bank’s traders will come back to New York headquarters
- Firm may start ramping up toward 30% capacity in September
Photographer: Victor J. Blue/Bloomberg
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Citigroup Inc. has begun notifying 5% of its 64,000 U.S. and Canadian employees that they’ll be returning to the office on July 1 or 2, making it one of the first big banks to formally begin reopening after the worst of the coronavirus pandemic.
Some of the people affected are traders who work at Citigroup’s headquarters in Manhattan’s Tribeca neighborhood and others are operations staff in the consumer unit in Tampa and Jacksonville, Florida, according to a person with knowledge of the plan. In recent days, managers have been asking for volunteers while offering assurances that no one will be forced back to the office, the person said, asking not to be identified because the information isn’t public.