Published reports have the investment bank slashing 10% of its
32,500-strong work force, according to sources. The layoffs come on top
of an estimated 125,000 in eliminated positions on Wall Street the this
year alone, according to Bloomberg data. The glum development from the
top-tier bank follows 24,000 lost jobs at Citigroup Inc. and 14,000 from Lehman Brothers Holdings Inc., with thousands more in expected layoffs from
the merger of Merrill Lynch & Co. and Bank of America Corp.
-
George White
See Bloomberg storySee Dealwatch on Wall Street layoffs
See Dealscape posts on layoffs
Comments
The wave of layoffs sweeping the banking sector has arrived at Goldman Sachs Group Inc., which may lay off roughly 3,200 employees. 
These guys are d-bags. Very few decent people in the mix. For the one or two that get caught...sorry. As for the rest of them, no one should feel sorry for them.
They'll know what they're worth as soon as that first unemployment check arrives.