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Key Takeaways Wall Street interns leading the way.

Average Wall Street Bonus Falls Slightly The average Wall Street bonus fell slightly last year to $176,500, as the industry added employees and took a “more cautious approach” to compensation, New York state’s comptroller reported Tuesday.

Collectively, tech employers cut more than 150,000 jobs in 2022, the Wall Street Journal reported .

As reported by the Wall Street Journal , Microsoft Corp. said it won’t raise salaries for full-time employees this year, citing concerns over an uncertain economic climate.

As reported by the Wall Street Journal , Amazon announced it would cut 9,000 additional corporate jobs across multiple business units, including its highly profitable cloud-computing and advertising businesses.

It will also pay $125,000 in civil penalties and other damages to the State of Vermont, and $275,000 in damages to the estate of one of the complainants who died during the course of the litigation.

Wall Street firms, like companies throughout corporate America, are rethinking their work-from-home rules as pandemic concerns minimize.

Pfizer to Lay Off 781 Workers in New Jersey Pfizer will lay off 781 employees in New Jersey, the Wall Street Journal reports .

Some organizations now offer employees novel benefits such as baby milk delivery service, onsite climbing walls and beauty salons to attract and retain talent.

Backs up against the wall, we give them what they want.