The Deal
Saturday, July 4, 
7:27 pm

Goldman Sachs may lay off up to 10% of work force

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goldman.jpgThe wave of layoffs sweeping the banking sector has arrived at Goldman Sachs Group Inc., which may lay off roughly 3,200 employees.


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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 story
See Dealwatch on Wall Street layoffs
See Dealscape posts on layoffs



Comments

From: dsadasd,

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.


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