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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
Bloomberg business news
WATCH: Citi CEO Michael Corbat ponders the long-term impact of working from home during an interview on the “Bloomberg Invest Talks” webcast.Source: Bloomberg

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.”