Is it for real that GS is dropping salaries of employees by up to 20% ?
Yes, didn’t you see the earnings call? Their revenues missed targets so they cut costs to cut expenses and beat earnings estimates. Most of the cuts was on comp.
To be fair, most of a bank’s costs is comp so DJDSol has no choice🤷🏿♂️
Is it legal to raise salaries too?
Is it for real that there is an echo in here?