Goldman Sachs is planning to cut 10 per cent of its workforce in response to the worsening economic environment. The cutbacks will fall most heavily on areas such as fixed income and investment banking, which have been the most affected by the contraction of the financial markets in the past year. The cuts will be spread geographically across Goldman offices, with New York and London taking the biggest hits.

This entry was posted by Tracy Alloway on Friday, October 24th, 2008 at 4:09 and is filed under Capital markets, People. Tagged with goldman sachs. Edit this entry.