According to a source familiar with the situation, Citigroup informed its employees on Friday that unvaccinated employees would be fired as of Jan. 14, enforcing a policy introduced last year.

As the financial industry grapples with how to properly bring people back to work despite the development of the highly infectious Omicron COVID form, the bank is the first major Wall Street company to begin implementing a "no-jab, no job" policy.

Citigroup announced in October that it would demand COVID-19 vaccination as a condition of employment for all U.S. workers.Citigroup to enforce 'no-jab, no-job' policy as of Jan. 14 - source

As the government remained a "big and important" client of Citi, the bank claimed at the time that it was adhering with the Biden administration policy requiring all staff supporting government contracts to be fully vaccinated, according to Sara Wechter, head of human resources, in a LinkedIn post.

The bank's Jan. 14 deadline was originally reported by a major Newswire on Friday.

However, the bank stated at the time that it will consider religious or medical exemptions, as well as any other accommodations provided by state or municipal legislation, on a case-by-case basis.

Several financial firms have postponed their intentions to return to the office, while others are pushing employees to work from home, get vaccinated, and undergo routine testing.