Goldman Sachs Said to Cut Jobs as Earnings Outlook Dims
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Goldman Sachs Group Inc. cut fewer than 50 jobs last week to trim expenses as the bank’s revenue prospects worsen, a person familiar with the matter said.
The reductions included some managing directors, the second-highest position at the firm after partners, said the person, who asked not be identified because he wasn’t authorized to talk. The New York Times reported on the cuts yesterday.