Goldman Sheds More

by Derek Loosvelt | June 23, 2008

Yesterday, the Financial Times broke a story about Goldman Sachs making even more cuts this year, following the bank’s hundreds of layoffs announced a week ago. According to FT, Goldman will ultimately get rid of 10 percent of its investment banking employees, which certainly doesn’t bode well for other firms, since Goldman has arguably been the Street’s best-performer in the credit crisis.

Filed Under: Finance


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