Citigroup Offers Partial Early Bonuses to Encourage Employee Exits

Posted by Patria Henriques on Thursday, August 22, 2024

Citigroup Inc. is offering to pay some staffers a portion of their bonuses early if they agree to depart as executives continue with their restructuring of the Wall Street giant.

The bank is making the offer to a limited number of staff, according to people familiar with the matter. In addition to the bonus awards, employees who accept the offer would also be allowed to keep all of their deferred stock awards, the people said, asking not to be identified discussing personnel information.

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