According to Reuters, The Goldman Sachs Group Inc. (GS) is moving ahead with its cost cutting plan. To start with, the bank has sacked employees in its trading and investment banking divisions.
In 2011, Goldman reduced 2,400 positions, out of which 1800 layoffs took place in March 2011 as part of its annual review process. The recent announcement of job cuts also comes under Goldman's annual retrenchment of workers, who performed below expectations.
Thursday, March 22, 2012
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