Tags: Goldman Sachs | job cuts | finance | trading

NY Post: Goldman Sachs Cuts More Workers as Head Count Falls by 2,000

NY Post: Goldman Sachs Cuts More Workers as Head Count Falls by 2,000

 (Dreamstime)

By    |   Tuesday, 25 October 2016 12:56 PM

Goldman Sachs is firing 20 employees to extend the most personnel cuts since the financial crisis, the New York Post reported.

The bank has let go of at least 486 employees this year, the most since 2009 when it cut more than 900 workers, according to layoff notices filed with the state.

“This round is an extension of previous cuts, which affected all parts of the bank, including brokerage and securities divisions,” the newspaper reported. “Goldman also has laid off large groups of employees elsewhere, including 25 percent of its Asian investment banking jobs.”

Goldman’s most recent earnings report listed 34,900 employees, down by 2,000 from a year earlier. It cut about 10 percent of its bond traders in May amid lackluster results.

Goldman’s stock has declined 5.4 percent in the past 12 months to about $175.41 a share as of mid-day Tuesday.

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Goldman Sachs is firing 20 employees to extend the most personnel cuts since the financial crisis, the New York Post reported.
Goldman Sachs, job cuts, finance, trading
144
2016-56-25
Tuesday, 25 October 2016 12:56 PM
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