Citi CEO Says Long-Term Productivity May Suffer With Remote Work
- Corbat says short-term gains could dry up as workers burn out
- Bank also wants to assess whether creativity is suffering
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Citigroup Inc.’s Michael Corbat said he’s worried about potential long-term negative effects after many of his employees spent the vast majority of 2020 working from home.
“People talk about the productivity that comes with working remotely,” Corbat said in a televised interview for a Bloomberg Invest Talks event that aired Friday. “Well, if I worked seven days a week, 15 to 16 hours a day and I don’t take any holidays, at least for a period of time I’m going to be more productive.”