Wall Street’s 1 percenters are feeling a little less rich.

JPMorgan Chase cut employee pay by about 9 percent in 2011 — a reflection of the hardscrabble times financial firms are facing after rolling in the moolah during the market’s heyday.

The bank’s roughly 26,000 employees will pocket on average $341,538 based on the $8.88 billion the firm set aside for compensation, including salaries, benefits and bonuses.

The bank doled out $9.73 billion, or $369,651 on average, in 2010 to traders, bankers and other workers.

To be sure, most of the bank’s rank-and-file workers won’t receive anywhere near a six-figure payday, while a few stars will fetch really fat paychecks.

JPMorgan added more than 20,000 workers, or about 8 percent, last year.

JPMorgan’s investment banking bonus pool represents 34 percent of revenues, down from 37 percent in 2010.

Compensation has been slowly dwindling since 2009, when the average pay topped $378,600.

Now many investment bankers are staring at the prospect of zilch when bonuses for 2011 are doled out in the next few weeks.