Job cuts and smaller bonuses loom for Wall Street bankers amid deals slowdown, consultant says

• Pay cuts are expected across wide swaths of the financial industry as bonus season approaches, according to a report released Thursday by compensation consultancy Johnson Associates.
• “There are going to be a lot of people who are down 50%,” Alan Johnson, managing director of the namesake firm, said in an interview.
• IPO issuance has plunged 95% to $4.9 billion through July, while total equity issuance has fallen 80% to $57.7 billion, according to SIFMA.

https://www.cnbc.com/2022/08/04/job-cuts-smaller-bonuses-loom-for-wall-street-bankers-consultant-says.html