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In 2022, Citigroup launched a Málaga office, hiring 27 analysts to improve work-life balance amid burnout complaints from junior bankers, promising eight-hour days and weekends off. However, the initiative faltered as many employees worked long hours, driven by aspirations for roles in London, leading to the office’s closure less than three years later. Despite claims of better flexibility, former staff reported a lack of meaningful progression and a salary disparity, with Málaga analysts earning significantly less than their counterparts in major financial hubs.
