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Goldman Sachs cuts pay by 30% as dealmaking fees tumble
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Goldman Sachs has slashed pay by over 30% so far in 2022, as a rapid slowdown in dealmaking is expected to result in a fresh round of job cuts across the industry.
The US investment bank, which posted a 47% slump in profit to $2.9bn during the second quarter, has cut compensation costs by 31% to $7.7bn for the first six months of 2022, despite a hiring spree over the past year that has seen employee numbers swell by more than 6,000.
Goldman...
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