Citigroup's Laid-Off Employees In New York To Be Paid Through April; Citi Bonus Payments For Laid-Off Employees Will Be Combined With Severance Packages
Portfolio Pulse from Benzinga Newsdesk
Citigroup is reportedly paying laid-off employees in New York through April and will combine their bonus payments with severance packages, according to Reuters citing sources.
January 24, 2024 | 4:28 pm
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Citigroup's decision to pay laid-off employees through April and combine bonuses with severance may reflect positively on its corporate responsibility image.
Citigroup's approach to layoffs, by ensuring employees are paid through April and receiving bonuses with severance, could be viewed positively by investors as a sign of strong corporate governance and social responsibility. This may lead to a short-term positive sentiment among investors, potentially impacting the stock price positively.
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