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FINANCE Citigroup is giving some employees a $1,000 bonus

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03-24-2020, 02:00 PM

Capt. Mike Capt. Mike is offline

Capt. Mike is offline

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FINANCE Citigroup is giving some employees a $1,000 bonus

https://www.cnbc.com/2020/03/23/citigroup-is-giving-some-employees-a-1000-bonus-amid-coronavirus.html

Quote:

Citigroup CEO Michael Corbat said the bank will send $1,000 awards to some employees to compensate them for the “financial burden” of working during the coronavirus pandemic.
“In the U.S., an award of $1,000 will be provided to eligible colleagues who make $60,000 or less in base salary,” Corbat said Monday in a memo to employees.
The award can apply to tellers, call center workers and any other Citigroup employee making less than $60,000 in the U.S., regardless of whether they work at a company facility or from home, according to a spokeswoman.

Every little bit helps.

Some other companies are stepping up too.

https://www.cnbc.com/2020/03/20/target-pays-bonuses-increases-pay-by-2-an-hour-as-coronavirus-causes-surge-in-shopping.html

Hopefully, consumers will take note and remember.

On the home front, we are telling our cleaning lady to stay home, but we will pay her as usual.

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