It’s taken a year of pandemic but one of the world’s biggest banks has finally acknowledged the huge toll that working remotely is taking on its staff.
Citigroup CEO Jane Fraser wants to ease Zoom fatigue and go back to regular working hours trib.al/DmWj1wd
In a long memo to Citi’s workers, Fraser laid out three measures to immediately relieve the pressure:
💻Limiting video calls on Fridays to clients only
📲Scheduling business calls at normal work hours
🌴Encouraging people to take vacations trib.al/DmWj1wd
Citi will also create a company-wide day of rest — May 28 — the “Citi Reset Day.”
That kind of initiative can feel a little gimmicky sometimes, but if it’s tied to genuine improvements to the working week, then what’s the harm? trib.al/DmWj1wd
Citi employs over 200,000 people globally and its attempt to address the problem should persuade other big companies to rewrite their WFH manuals.
This is a long overdue attempt to tackle the common feeling of endless work days and constant surveillance trib.al/DmWj1wd
WFH has an unequal effect on different levels of the corporate hierarchy. According to a survey by Microsoft:
➡️Business leaders say they’re thriving
➡️ Employees are struggling or just surviving
➡️ 40% of workers are thinking of leaving their employer trib.al/DmWj1wd
It’s essential that companies root out quickly the WFH practices that have worsened their workers’ burden such as:
🌇Extended days
📨Sending messages or emails to employees at all hours, expecting a response trib.al/DmWj1wd
Citi’s investment bank rivals should take heed of its plan.
Just last weekend, the boss of Goldman Sachs was forced to promise that Saturday would be sacrosanct for his staff after deeply unhappy junior bankers complained about inhumane hours trib.al/DmWj1wd
While prescriptive measures might not always work, Fraser is at least putting down a marker on the need for some kind of life-work balance.
The trick now will be making sure the measures are implemented in a meaningful and lasting way trib.al/DmWj1wd
• • •
Missing some Tweet in this thread? You can try to
force a refresh
The U.S. Court of Appeals for the D.C. Circuit has published a notice “to encourage the use of typefaces that are easier to read and to discourage use of Garamond.”
To be fair on the judges, when a big part of your job involves reviewing deadly dull legal briefs, readability matters.
Yet we can’t help but wonder, in all seriousness, whether the court might be making a mistake bloom.bg/3fwGsSv
The D.C. Circuit is worried that use of a narrow font like Garamond allows lawyers to squeeze extra text into mandated page limits. But the font has other virtues:
🖋Elegant
👓High legibility
📄Ideal for reading material that includes continuous text bloom.bg/3fwGsSv
#EqualPayDay illustrates how far into the new year women would have to work to make as much as men did the previous year.
But women come in a variety of races, ethnicities, marital statuses, education levels and more, all of which intersect bloomberg.com/opinion/articl…
Most commonly, “women” is assumed to be synonymous with White women.
All too often, @RhondaVSharpe finds herself participating in programs and gatherings dedicated to “women and minorities,” as if the former were only White and the latter weren’t women bloomberg.com/opinion/articl…
Many people want to get rid of daylight savings — for good reason. But @andreaskluth wants to take things a step further: Let’s get rid of time zones altogether.
It’s a radical proposition, but let’s hear him out trib.al/rUCaREo
To see how arbitrary time zones are, let’s go on a jaunt through history.
For most of human evolution, we rose with the sun and then got drowsy at dusk, before sleeping soundly exactly when we should trib.al/rUCaREo
☀️In the mid-19th century, local time was still based on a sundial.
But railroads started carrying folks around and telegraphs magically connected them across continents. People needed standardized schedules to catch a train or get a message trib.al/rUCaREo
It’s been a turbulent couple of years for U.S. distillers.
Starting in 2018 they became collateral damage in then-President Trump’s trade wars, with the EU levying a 25% tariff on U.S. whiskey in retaliation for new duties on imported steel and aluminum bloomberg.com/opinion/articl…
“We’ve been a casualty of a very challenging trade war,” said the CEO of Brown-Forman, the distiller of:
🥃Jack Daniels
🥃Woodford Reserve
🥃Old Forester
Not to mention a pandemic that shut down bars. Must have been a tough stretch, right? Well ... bloomberg.com/opinion/articl…
It’s not as if the trade wars haven’t hurt.
📉U.S. exports of distilled spirits are down $523 million
📉Imports are down $569 million bloomberg.com/opinion/articl…