Investment Banking

Barclays scraps free meals for WFH juniors amid back to office push

Banks allowed free meals for working late as a pandemic perk since juniors were forced into 100-hour weeks away from the office amid a boom in deals

Monday 26 September 2022 at 13:54

Barclays dealmakers are now expected to be in four days a week, unwinding its pandemic working arrangements
Barclays dealmakers are now expected to be in four days a week, unwinding its pandemic working arrangements Photo: Tolga Akmen/etty Images

Barclays is pushing dealmakers back to the office, and it is scrapping a key perk of working from home for juniors burning the midnight oil — free meals.

The UK lender has stopped offering a daily stipend of $25, or local currency equivalent, to its junior bankers working late on deals at home, analysts told Financial News. This includes reimbursements for meals when analysts and associates work weekends, they added.