Goldman Will Reduce Capital Markets Workforce, N.Y. Post Says
By James Kraus
March 21 (Bloomberg) -- Goldman Sachs Group Inc. plans to dismiss as much as 15 percent of its workforce in the capital markets and related support departments, the New York Post reported, citing unidentified people familiar with the matter.
The reductions are likely to come in the division that includes investment banking, debt and equity underwriting and merger advice, the newspaper said. Employees were first notified about the staff cuts on Monday, the Post reported.
Goldman Sachs London-based spokesman Paul Kafka had no comment to make on the report, when contacted by Bloomberg News today
By James Kraus
March 21 (Bloomberg) -- Goldman Sachs Group Inc. plans to dismiss as much as 15 percent of its workforce in the capital markets and related support departments, the New York Post reported, citing unidentified people familiar with the matter.
The reductions are likely to come in the division that includes investment banking, debt and equity underwriting and merger advice, the newspaper said. Employees were first notified about the staff cuts on Monday, the Post reported.
Goldman Sachs London-based spokesman Paul Kafka had no comment to make on the report, when contacted by Bloomberg News today
Banks like GS dont like to lay off people only to rehire them again in six months time.. so if this is true they expect the slowdown to last some time..
I think the next IT downturn will begin in April and probably last a year or two.
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