The team at Silicon Valley Bank received an offer to work for 45 days
Photo: Coolcaesar/Wikimedia Commons
employees of Silicon Valley Bank (SVB), one of the leading banks among major investors startupsgot offer to work 45 days with pay 1.5 times salary.
The offer was made by the Federal Deposit Insurance Corporation (FIDC), the regulator that took over the failed bank.
At the end of last year, SVB had 8528 employees. They were instructed to proceed, according to an email obtained by Reuters work remotelyexcept for key employees and branch employees.