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Citi CEO Corbat memo on day off work in light of coronavirus efforts - Business Insider

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In a company-wide memo, Citi CEO Mike Corbat tells the bank's 200,000 workers to take Friday off as thanks for how they're navigating the coronavirus crisis

Michael Corbat, CEO of Citigroup, speaks during the Bloomberg Global Business Forum in New York City, New YorkCiti CEO Michael Corbat is rewarding employees for their response to Covid-19 with an extra day off of work.

In a company-wide memo, he told employees "as important as it is to take care of our clients, we need to take care of ourselves," and provided a day off of work this Friday or another day in the ensuing week. Michael Corbat is exhorting Citigroup's 200,000 employees to take care of themselves — and he's putting his money where his mouth is.

While some industries have shut down in response to the coronavirus and shelter-in-place orders, banks — deemed essential businesses by the government — have continued operating, even while transitioning to widespread remote work. Employees unable to take the day off this Friday can take another day off during the ensuing week, Corbat said. Thank you for working harder than ever to Be the Best for Our Clients during a time when we're all managing challenges—from delivering site-dependent services to clients, to helping children learn and taking care of loved ones, to supporting our communities.

 

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Oh, is he going to pay them all to take the day off? or is this just a 1 day furlough?

Yeah I'm sure thats why 🙄

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