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Goldman Sachs Cuts Bonuses Of Bankers By 90%

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The week of bonuses for employees at Goldman Sachs was a failure for stressed workers, as the payouts for some employees were reduced by up to 90%, sources told The Post.

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A lot of junior bankers who, last year, earned bonuses that topped the 6-figure range found out on Wednesday that they'd only receive $15,000 or $10,000 despite working countless hours of work, according to insiders.

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It was reported that the Wall Street titan had raised the starting salary of its employees to $110,000 from $85,000 the previous year. Vice presidents were increased to $250,000 from $210,000.

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