Citigroup Offers Partial Early Bonuses to Encourage Employee Exits

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

The bank is making the offer to staff on a case-by-case basis, 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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