Goldman job cuts begin with investment banking, global markets hit hard - source

  • 📰 Reuters
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Goldman Sachs began laying off staff on Wednesday in a sweeping cost-cutting drive, with around a third of those affected coming from the investment banking and global markets division, a source familiar with the matter said.

A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange, April 16, 2012. REUTERS/Brendan McDermid/File PhotoCuts to all major divisions expected, globallyLONDON/HONG KONG/NEW YORK, Jan 11 - Goldman Sachs

The long-expected jobs cull at the Wall Street titan, expected to represent the biggest contraction in headcount since the financial crisis, is likely to affect most of the bank's major divisions, with its investment banking arm facing the deepest cuts, a source told Reuters this month.will be let go, the source, who could not be named, said on Jan. 9. A separate source confirmed on Wednesday that cuts had started.

About eight staff were also laid off in Goldman's research department in Hong Kong, the source added, with layoffs ongoing in the investment banking and other divisions. The company is also cutting its annual bonus payments this year to reflect depressed market conditions, with payouts expected to fall about 40%.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Get vaxxed to keep your job. Oh wait......

That’s just the beginning…. Can you read between Goldman’s bottom lines

But...I thought POTUS was helping this economy/inflation. Oh... they are laundering money in Ukraine instead of helping the American people. Says the King!

Investment Bankers are the real victims of this economy. /s

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 2. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

STOCK MARKET NEWS: Inflation data, bank earnings on tap, NYC nurses strike, Goldman Sachs layoffsStocks kickoff the week higher with inflation data and bank earnings due, New York City faces nurses strike, Goldman Sachs set to begin layoffs. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Almost as if BIG NEWS just came out. TwitterFiles
Fonte: FoxBusiness - 🏆 458. / 53 Leggi di più »

STOCK MARKET NEWS: Inflation data, bank earnings on tap, NYC nurses strike, Goldman Sachs layoffsStocks turned mixed as the trading week kicked off, higher with inflation data and bank earnings due, New York City faces nurses strike, Goldman Sachs set to begin layoffs. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Fonte: FoxBusiness - 🏆 458. / 53 Leggi di più »