- Citing people briefed on the preliminary discussions, the article reports that payouts will vary widely among desks depending on performance, while executives are preparing smaller payouts for the rest of the firm, with average bonuses likely to be lower than last year as JPMorgan focuses on reining in costs ahead of an uncertain 2021
- The sources add that JPMorgan is also planning to freeze raises for most employees at the vice president level and above, with the bank's plan demonstrating that it is trying to remain competitive on pay while preparing for the possibility that 2020's trading windfall won't last and that economic uncertainty will continue next year
Glad I jumped ship.
