Goldman Sachs CEO warns of even more job losses across industries through the next year - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Goldman Sachs CEO warns of even more job losses across industries through the next year

for the United States as it struggles with the ongoing coronavirus outbreak, but the head of one of the largest Wall Street banks says the job losses may not yet be over.that there are likely two main time periods for the pandemic: "a period of crisis and then a period of normalization."

"One of the things that's going to be a drag on the economy broadly," he told a virtual conference hosted by Bloomberg, "and one of the reasons I think there's going to be a headwind, is all businesses are learning and seeing ways where there are efficiencies. "I think that's going to have a toll," he continued, "and an adjustment on workforces more broadly as we get into 2021. That's not something that's specific to financial services, I think that's across industry broadly. I do think this is something that as an economy we'll have to manage as we go forward."by adding 2.5 million jobs and decreasing the unemployment rate to 13.3%. In previous years pre-pandemic, the unemployment rate had sunk as low as 3.6%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

same bad actors, same job losses - they take the money with open hands but do nothing to find solutions to employment even after cannibalizing industries across and corrupting the integrity of them across various multiples.

Why do all these guys look like goblins

He has Puts

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Phone booth-like tiny room could be an office inside your living room - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Facebook's bad week, inside The Athletic, and Red Bull's reckoning - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I thought he had enough money to get a decent haircut Don't give up Mark!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Orum House, the Bel Air mansion shaped like a propeller: photos - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Prefer the house of Bill Gates at Seattle: a mix of human warm in natural paradise with all possible Tech inside. Elegancy and classy are not an invention, are ancient education in ancient dna🤩👏👏👏👏👏👏👏👏👏👏👏❤️
Source: BusinessInsider - 🏆 729. / 51 Read more »