Goldman sachs traders and salespeople will have to deal with a smaller bonus pool this year. It is expected to be around 10% smaller. That’s because the New York-based bank is facing a slowdown in most of its businesses. The company started telling its executives about the smaller bonus pool, and according to Bloomberg, the bonus will be cut by a “low double-digit percentage.” Wall Street is struggling right now, and Goldman was the first to announce layoffs in September. Other companies such as Citi, Barclays, and others have followed.
