The bank said in a note to them that by January 14, 2022, all those who were not vaccinated against Covid-19 will be forced to take leave without pay, and they will be fired at the end of the month unless they are granted an exemption from vaccination.
The memo said, according to Reuters: The US bank announced its plan to impose new vaccination rules in October, and is now the first major institution on Wall Street to impose a strict approach to vaccination.
The measure comes at a time when the financial industry is grappling with how to safely get employees back into offices and back to business as usual at a time when the highly contagious Omicron strain is spreading rapidly.
Other major Wall Street banks, including Morgan Stanley, Goldman Sachs and JP Morgan, have asked some unvaccinated employees to work from home, but they stopped short of firing employees.
An informed source said that more than 90 percent of Citigroup employees have complied with the order so far, and that this percentage is rising rapidly.