Goldman Sachs Plans Another Round of Job Cuts
Filed under: Goldman Sachs, Job Market, Layoffs, Financial Services
Goldman Sachs Group (GS) will begin a fresh round of job cuts as early as this week, sources familiar with the matter said on Monday, with its equities-trading business bracing for bigger cuts than fixed-income trading.
The bank usually culls out the weakest 5 percent of its employees around now. But the cuts will likely be deeper in some businesses, particularly equities trading, where volumes and earnings are weak. The number of shares traded on major U.S. exchanges so far this year is down…
Goldman Sachs Plans Another Round of Job Cuts originally appeared on DailyFinance.com on 2013-02-25T16:00:00Z.
Permalink | Email this | Comments
http://dailyfinance.com/2013/02/25/goldman-sachs-job-cuts-layoffs-equities/