Goldman Sachs Is Said to Cut 10 Staff in Commodities Unit
- Trading and sales jobs cut in Singapore, London and Houston
- Bank is said to be merging base and precious metals desks
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Goldman Sachs Group Inc. is cutting 10 staff in its commodities division as the bank reviews the footprint of the once-dominant unit, according to a person familiar with the matter.
It is cutting seven trading jobs and three sales jobs in Singapore, London and Houston, representing about 5 percent of the unit’s staff, the person said, asking not to be identified because the matter is private. A spokesperson for Goldman declined to comment.