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Wall Street Loosens Up as 100-Hour Weeks in Pandemic Take a Toll
- Citi CEO calls for one day a week without video conferences
- Goldman, Jefferies vow to be more attentive to junior bankers
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Wall Street firms are lining up to show their kinder and gentler side as a pandemic-fueled malaise weighs on employees, including those in junior roles.
Citigroup Inc. was the latest to chime in, with Chief Executive Officer Jane Fraser banning internal video calls on Fridays and encouraging staff to take vacations. On Sunday, Goldman Sachs Group Inc. CEO David Solomon promised to do a better job of keeping young bankers out of the office on Saturdays, and Jefferies Financial Group Inc. said last week that it would reward its youngest workers with coveted fitness perks, including Peloton bikes.