GS IB bonuses cut 40%
From the FT: Goldman Sachs is considering shrinking the bonus pool for its more than 3,000 investment bankers by at least 40% this year. The prospect of the deep cuts has fed fears that the bank could face high staff turnover in the new year,
I think we’re going to be worse than the Street,” one senior Goldman banker said.
Good, you profited off the pandemic. it's time to face the music just like everyone else did
Better than a 1 year membership to the jelly of the month club
Does this mean they'll be more open to laterals?
Absolutely - more bodies are always needed in the salt mines. Just don’t get the hubris to ask for any bonus money
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