Bloomberg Law
Nov. 1, 2022, 8:53 PM

NYC Pay Law Stumbles on Opening Day With Ranges of $2 Million

Matthew Boyle
Matthew Boyle
Bloomberg News
Eric Fan

Disappearing job listings. Missing salary information. And roles that pay anywhere between nothing and $2 million a year.

Those are just some of the glitches that emerged Tuesday as New York City employers struggled to adapt to the city’s new pay transparency law.

The hundreds of open roles Goldman Sachs Group Inc. typically advertises in the city were reduced to just one Tuesday morning as it scrambled to amend listings with the required salary ranges. Wall Street rival Citigroup Inc. posted a job for a client service officer that paid anywhere between $0 and $2 million, a technical issue that a bank spokesperson said it’s working on ...