Silicon Valley Bank staff offered 45 days of work at 1.5 times pay

  NEW YORK --- Employees of Silicon Valley Bank were offered 45 days of employment at one and a half times their salary by the Federal Deposit Insurance Corp, the US regulator that took control of the collapsed lender on Friday, according to an email to staff seen by Reuters. Workers will be enrolled and given information about benefits over the weekend by the FDIC, and healthcare details will be provided by the former parent company SVB Financial Group, the FDIC wrote in an email entitled "Employee Retention" late on Friday. SVB had a workforce of 8,528 at the end of last year. Staff were told to continue working remotely, except for essential workers and branch employ...Keep on reading: Silicon Valley Bank staff offered 45 days of work at 1.5 times pay

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.