Citi to Give $1,000 Bonuses to Some of Its U.S. Employees (2)

Citigroup Inc. will award special bonuses to employees under certain income thresholds as it seeks to stem the financial impact of the coronavirus pandemic.

In the U.S., employees who make $60,000 or less a year in base salary will receive a $1,000 payment, Chief Executive Officer Michael Corbat told employees in a memo. For workers based outside the U.S., the award will be based on “local market compensation levels,” he said.

“This is a challenging time for our families, communities and for our firm, but we’ve proven our ability to get through tough times before, and we’ll get through this ...