Goldman Sachs Tells Regulator of 55 More New York Job Cuts
- Bank has told New York officials of 408 reductions this year
- About half of the cuts are said to be in the securities unit
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Goldman Sachs Group Inc. notified state officials that it’s trimming 55 positions in New York, marking the fourth round of job cuts this year and pushing the total number dismissed to more than 400.
The reductions are scheduled to happen between Aug. 31 and Dec. 29, the New York-based firm said in a notice with the state Labor Department dated July 8. About half are traders and salesmen in the securities division, with the rest scattered across other units, a person briefed on the matter said. They were part of the roughly 30 New York cuts that became public last month, said the person, who asked not to be identified discussing personnel matters.