Goldman Sachs will reduce its worldwide staff of 32000 by 10%. The news was confirmed after it leaked into press before the employees were informed. Goldman Sachs was one of the leading investment banks on Wall Street. It came under problems during current financial crisis and had to change status from investment bank to commercial bank in order to improve its financial position by getting deposits from general public. The bank’s earning in the third quarter fell by almost 70%.
Goldman Sachs has 6000 employees in London. The details of employees who will be laid off has not yet been released.
Goldman Sachs will reduce its worldwide staff of 32000 by 10%. The news was confirmed after it leaked into press before the employees were informed. Goldman Sachs was one of the leading investment banks on Wall Street. It came under problems during current financial crisis and had to change status from investment bank to commercial bank in order to improve its financial position by getting deposits from general public. The bank’s earning in the third quarter fell by almost 70%.
Goldman Sachs has 6000 employees in London. The details of employees who will be laid off has not yet been released.
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