Skip to content
Subscriber Only

Goldman Sachs Cuts Compensation Pool to $370,706 per Employee

Goldman Sachs Group Inc. set aside $13.1 billion for compensation and benefits in the first nine months of the year, down 21 percent from a year earlier, as revenue fell 14 percent.

The amount, equal to 43 percent of revenue, is enough to pay each of the New York-based firm’s 35,400 employees $370,706 for nine months’ work. That’s down from an average $527,192 for the firm’s 31,700 workers a year earlier.