Quote:
Originally Posted by KingOfJericho
Dumb.
I've spent my whole career on Wall St and will tell you that if your shop has a terrible year, you will likely receive a significantly smaller bonus. If you already had that pay locked in the form of a salary, the bank would then have no choice but to lay you off.
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wholly agreed!
fwiw, bonuses were pretty salty this year across the board esp in HFT...
with the Getco/Knight merger.... probably going to be a good amount of layoffs....
Spot is having issues, Allston is shaking things up, etc etc....