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Citi Cuts NYC-Area Office Staff in Echo of Pandemic’s Early Days

  • Bank once more limits New York-area office staff to under 10%
  • ‘We’re not going to put them at risk,’ Corbat says of workers
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Citi's Corbat Ponders Long-Term Impact of WFH

Citigroup Inc. is scaling back staffing in New York-area offices as coronavirus cases surge again.

The firm is once more limiting in-person staff to only those who need to be in the office, after earlier allowing as many as 30% of workers to return to buildings in New York, New Jersey and Connecticut, according to a person with knowledge of the matter. The directive initially came just ahead of the Thanksgiving holiday, and is now in place through at least the end of the year.