Goldman Sachs Expected to Accelerate Layoffs, Sources Say -NY Post
March 14 2019 - 02:43PM
Dow Jones News
--Goldman Sachs Group Inc. (GS), which laid off 65 New York
employees last month, will likely be letting more employees go, The
New York Post reports Thursday, citing "sources close to the
bank."
--Goldman laid off other employees this week, including traders
and salespeople in its equities and credit divisions, the report
said, citing "two people familiar with the layoffs."
--While Goldman Sachs typically cuts about 5% of its workforce
around March, to get rid of underperforming workers, the cuts in
some divisions could be higher this year, the report said.
Full story:
https://nypost.com/2019/03/14/goldman-sachs-lays-off-dozens-of-traders/
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
March 14, 2019 14:28 ET (18:28 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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