April 15 (UPI) -- Goldman Sachs cut compensation and benefits set aside for employees by 20 percent in the first quarter of 2019 after a drop in profits.
The bank dropped the total amount of funds for compensation and benefits for its 35,900 workers to $3.26 billion, or about $90,780 per employee, down from $119,323 for 34,000 employees last year, according to earning results released Monday.