On Monday, Citigroup’s CEO, Jane Fraser, sent a memo outlining new perks meant to curb burnout. The proposed benefits may help in the short term, but they don’t address the root causes of burnout. Employers need to get serious about overworking, mismanagement, and pay inequality, experts said. Source On Monday, Jane Fraser, Citigroup’s CEO, sent a memo telling staff that the bank would be eliminating Zoom meetings on Fridays and adding May 28 as a mental-health holiday. It was an attempt to curb skyrocketing burnout rates on Wall Street, especially among junior bankers, who, in some cases, are working upwards of 98 hours a week. In addition to these benefits, Citigroup also added an extra […]