Goldman Sachs Said to Cut About 60 More Jobs in New York, LondonBy
Goldman Sachs Group Inc. dismissed about 60 traders and salesmen in New York and London this week, according to a person briefed on the matter.
The cuts, which come on top of at least 353 others in New York this year, affect employees in fixed-income and equities, said the person, who asked not to be identified discussing personnel decisions. The departures are about evenly split between the two cities, the person said. Business Insider reported the New York cuts earlier Thursday.
Goldman Sachs, which had 36,500 workers as of March 31, has been reducing staff as it seeks to weather a slump in trading and deal-making. The firm eliminated dozens of managing directors, executive directors and vice presidents across the mergers and debt and equity capital markets teams this year, people familiar with the matter have said. Before the latest round, the firm had extended reductions in its fixed-income division to roughly 10 percent of staff, double the number of jobs it normally culls each year.
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