{"id":527048,"date":"2022-12-14T23:22:48","date_gmt":"2022-12-14T20:22:48","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/goldman-sachs-set-to-slash-bonuses-for-investment-bankers-by-40\/"},"modified":"2022-12-14T23:22:48","modified_gmt":"2022-12-14T20:22:48","slug":"goldman-sachs-set-to-slash-bonuses-for-investment-bankers-by-40","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/goldman-sachs-set-to-slash-bonuses-for-investment-bankers-by-40\/","title":{"rendered":"#Goldman Sachs set to slash bonuses for investment bankers by 40%"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a232603583c4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a232603583c4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/goldman-sachs-set-to-slash-bonuses-for-investment-bankers-by-40\/#%E2%80%9CGoldman_Sachs_set_to_slash_bonuses_for_investment_bankers_by_40%E2%80%9D\" >&#8220;Goldman Sachs set to slash bonuses for investment bankers by 40%&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CGoldman_Sachs_set_to_slash_bonuses_for_investment_bankers_by_40%E2%80%9D\"><\/span>&#8220;Goldman Sachs set to slash bonuses for investment bankers by 40%&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Goldman Sachs may slash the bonuses of its roughly 3,000 investment bankers by 40% as the Wall Street giant gr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>les with an economic downturn that has affected the entire financial sector, according to a published report.<\/p>\n<p>The massive chop would be considerably higher than Goldman\u2019s rivals, including JPMorgan Chase, Citigroup and Bank of America \u2014 all of which are said to be mulling cuts of 30%, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f774f6d5-3dfd-4879-ac19-8522e0078902\">t<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5580a9c7-c7bd-40ba-9212-ea83d4c7aa0b?emailId=4a2ef998-542e-45aa-a790-64ab023d0614&amp;segmentId=3d08be62-315f-7330-5bbd-af33dc531acb\">he Financial Times reported Wednesday.<\/a><\/p>\n<p>\u201cI think we\u2019re going to be worse than the Street,\u201d a senior Goldman banker told FT.<\/p>\n<p>If implemented, the cuts would be the steepest since the 2008 financial crisis.<\/p>\n<p>The Post has sought comment from Goldman Sachs.<\/p>\n<p>The prospect of steep cuts in bonuses has fueled concern that investment bankers could bolt Goldman after the new year.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/david-solomon_62-12_46_17-PM-1.jpg?w=1024\" alt=\"David Solomon\" class=\"wp-image-25012487\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/david-solomon_62-12_46_17-PM-1.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/david-solomon_62-12_46_17-PM-1.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/david-solomon_62-12_46_17-PM-1.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>CEO David Solomon last week said that Goldman could lay off more employees if economic headwinds persist.<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>Goldman also plans to cut the bonus pool for its 400 partners by as much as 50%, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/12\/08\/2022\/wall-street-boom-ends-as-goldman-cuts-bonuses?campaign_id=4&amp;emc=edit_dk_20221209&amp;instance_id=79713&amp;nl=dealbook&amp;regi_id=164961711&amp;segment_id=115465&amp;te=1&amp;user_id=5ef371fe7e1f11b9800a7c6ad4a0bedb\">the news site Semafor reported<\/a> last week.<\/p>\n<p>The reduced bonuses come on the heels of expected layoffs. Last week, Goldman CEO David Solomon said the firm may eliminate at least 400 positions from its loss-making retail banking operations, according to a report.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/goldman-sachs_08.jpg?w=1024\" alt=\"The bank reported a drop in revenue in 2022.\" class=\"wp-image-25011067\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/goldman-sachs_08.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/goldman-sachs_08.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/goldman-sachs_08.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The bank reported a drop in revenue in 2022.<\/figcaption><figcaption><span class=\"credit\">SOPA Images\/LightRocket via Getty Images<\/span><\/figcaption><\/figure>\n<p>Goldman cut around 500 jobs in September, an early signal to Wall Street that economic conditions were worsening.<\/p>\n<p>It has been a difficult year for Wall Street\u2019s investment banking divisions. JPMorgan reported a 47% year-over-year decline.<\/p>\n<p>Earlier this week, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/citi-cut-many-50-bankers-emea-sources-2022-12-12\/\">Reuters reported<\/a> that Citigroup was laying off 50 workers in its Europe, Middle East and Africa region after revenues from investment banking dropped by more than a fifth in the third quarter compared to the second quarter.<\/p>\n<p>Citi\u2019s year-over-year investment banking revenue tanked by 64% in the last quarter.<\/p>\n<p><em>With Post wires<\/em>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/12\/14\/goldman-sachs-set-to-slash-bonuses-for-investment-bankers-by-40\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Goldman Sachs set to slash bonuses for investment bankers by 40%&#8221; Goldman Sachs may slash the bonuses of its roughly 3,000 investment bankers by 40% as the Wall Street giant grapples with an economic downturn that has affected the entire financial sector, according to a published report. The massive chop would be considerably higher than&#8230;<\/p>\n","protected":false},"author":1,"featured_media":527049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/Goldman-Sachs.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[137212,70932,70789,70790,73711,70792,70360],"class_list":["post-527048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-12-14-22","tag-citigroup","tag-david-solomon","tag-goldman-sachs","tag-investments","tag-jpmorgan-chase","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/527048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=527048"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/527048\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/527049"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=527048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=527048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=527048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}