It was always going to be either layoffs/comp cuts or no big bubble in salaries and hiring to begin with. Surely there's much worse to come? Look at how much c

It was always going to be either layoffs/comp cuts or no big bubble in salaries and hiring to begin with. Surely there's much worse to come? Look at how much compensation came down in investment banks since the 00s. It's not conceivable that these large firms require tens of thousands of geniuses to function.