Goldman Sachs prepares to axe 10% of global workforce
Goldman Sachs is to cut 10% of staff across its entire global business, it emerged this week, as elsewhere other banks gear up for a dismal end of year, with many more job losses on the way.
In a reminder that no bank would be spared the pain of the financial crisis, Goldman is set to lose about 3,250 employees globally. Last month, the chief financial officer, David Viniar, said he expected the banks headcount to be flat or higher for the next year.
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