Mass Wall Street Layoffs Officially Arrive: Goldman To Lay Off As Many As 4,000 Employees

Mass Wall Street Layoffs Officially Arrive: Goldman To Lay Off As Many As 4,000 Employees
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Make no question about it – despite what the “data” shows and what the Fed says – the job market is, in fact, softening.  We’ve spent the last two weeks writing about how Wall Street firms are going to be cutting their bonus pools significantly, with higher rates throwing a wet blanket over dealmaking and earnings for many firms. Now, it looks as though the layoffs on Wall Street are hitting high gear. Not one to be last or least decisive to act, Goldman Sachs announced this week that it is going to lay off as many as 4,000 of...
Source: https://www.newswars.com/mass-wall-street-layoffs-officially-arrive-goldman-to-lay-off-as-many-as-4000-employees/