A report from the compensation consultant Johnson Associates surfaced recently and it suggests a grim future for Wall Street bonuses. The report predicts lower for this year's  "incentive compensation" that will affect professionals across financial services.

That being said, it's looking like a dark near future for Wall Street bonuses. According to the report, with regard to banking, the bonuses allocated for advisory professionals will go down by 5-10% as compared to 2015. However, those involved in underwriting are likely to see a 10-20% drop.

On the other hand, it is possible that equities traders will have a 5-15 percent decrease while those traders with fixed-income will have their bonuses drop by 10 percent. 

These predicted drop in bonuses are all over the place as even Hedge funders are likely to experience a 5-15 percent decrease in bonuses. 

If it is any consolation at all, the bonuses for private-equity professionals seem to be holding their ground and will remain flat as compared to what they had in 2015. The chart that further explains this report can be found here. Looking at the said chart, it can be observed that since 2014, incentive pay has been declining. 

In other news, everything Wall Street is apparently sinking as there is another report that states New York City securities industry has earned less in the first half of 2016. A whopping 18 percent decrease in earnings has been observed as compared to last year. The same report supports the current prediction that bonuses will decline again as it has been doing for the past three years. 

More bad news is that between March and August 2016, there have been 2,600 jobs lost. According to the report, "It appears that the industry has resumed downsizing after two years of job growth."  Find out more about the Shrinking of Wallstreet here.