Citigroup plans to lay off unvaccinated employees this month

Citigroup plans to lay off unvaccinated employees this month

Other major Wall Street banks, including Goldman Sachs & Co, Morgan Stanley, and JPMorgan Chase & Co, have told some unvaccinated employees to work from home, but none has yet gone as far as sacking staff. While Citigroup is the first Wall Street bank to enforce a vaccine mandate, a handful of other major U.S. companies have introduced “no-jab, no-job” policies, including Google and United Airlines, with varying degrees of stringency.

According to a company memo seen by Reuters on Friday, Citigroup Inc employees in the United States who have not been vaccinated against COVID-19 by Jan. 14 would be placed on unpaid leave and dismissed at the end of the month unless an exemption is granted. The American bank stated its intention to enforce new immunization requirements in October and is now the first big Wall Street company to follow through. Its decision comes as the banking industry struggles to return employees to work safely and resume normal operations at a time when the highly infectious Omicron coronavirus type is spreading like wildfire.

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