“Wall Street bonuses dropped 26% in 2022 after record 2021”
March 30, 2023
“Wall Street bonuses fell 26% to an average $176,700 in 2022 from a record in 2021, according to a report from New York State Comptroller Thomas DiNapoli published on Thursday.
A worsening economic environment and stalled deal markets weighed on banks’ profits last year, following a blockbuster 2021. “A 26% decline brings the average bonus closer to what financial employees received prior to the pandemic,” DiNapoli said…”
You know times are getting hard when bonuses start getting cut. Higher ups hate that.