Business Services Industry
Goldman Sachs to Cut up to 400 Senior Jobs Worldwide.
Knight Ridder/Tribune Business News, October, 2001
Daily Mail, London Knight Ridder/Tribune Business News
Oct. 11--Wall Street investment bank Goldman Sachs is poised to cut up to 400 senior jobs worldwide in the next few weeks.
The firm is also reported to be encouraging some partners to take early retirement.
Goldman says it is implementing its normal policy of shedding poorer performers at the same time as recruiting new blood.
The bank's overall staff numbers are likely to stay the same as it plans to continue hiring cheaper junior staff.
The City and Wall Street are bracing themselves for a hard winter with many firms ready to wield the axe. Investment banking job losses are likely to reach their highest level for more than a decade, says the Securities Industry...
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