Job cuts almost inevitable after severe ECM downturn
![New York, NY, USA. May 2, 2022. Editorial Use Only, 3D CGI. Goldman Sachs Signage Logo on Top of Glass Building. Workplace of Investment Banking Compa](https://assets.euromoneydigital.com/dims4/default/f10b518/2147483647/strip/true/crop/575x375+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F0b%2Ff9%2F2c9689064656b39a1e52901757fb%2Fgoldman-sachs-2022-alamy-575-375.jpg)
Goldman's results this week were a harbinger of what is to come for jobs in the equity capital markets
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