Goldman

Goldman missed earnings estimates as deal-making declined and the consumer business took a hit

Goldman missed earnings estimates as deal-making declined and the consumer business took a hit

(Reuters) – Goldman Sachs Group (GS.N.) on Tuesday reported a larger-than-expected 69 percent drop in fourth-quarter profit as it struggled with stagnant deal-making and slumping asset and wealth management revenues booked into its consumer business. Wall Street banks are making deep workforce cuts and streamlining their operations as deal-making activity, their main source of revenue, …

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The calendar calls for chaos: How Goldman Sachs laid off 3,000 workers in one day

The calendar calls for chaos: How Goldman Sachs laid off 3,000 workers in one day

The Washington Post has learned that listed bankers are aware that Goldman Sachs used scare tactics as it filled a bloodbath this week that claimed the lives of more than 3,000 employees. Insiders claim the Wall Street giant — which named Wednesday’s layoffs “David Demolition Day” after CEO David Solomon — emailed the calendar inviting …

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Job cuts at Goldman impacted investment banking and global markets

Job cuts at Goldman impacted investment banking and global markets

Mass repetition, spending review seduces the Wall Street giant Discounts in all major divisions expected globally Restructuring in the Asian wealth unit begins layoffs on Wednesday NEW YORK/LONDON/HONG KONG (Reuters) – Goldman Sachs began laying off staff on Wednesday in an all-out campaign to cut costs, with about a third of those affected coming from …

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Goldman Sachs is laying off as many as 3,200 employees this week

Goldman Sachs is laying off as many as 3,200 employees this week

The Goldman Sachs logo is seen at the New York Stock Exchange in New York City on September 13, 2022. Goldman is laying off as many as 3,200 employees as it faces a more challenging business environment. Michael M Santiago/Getty Images Hide caption Switch caption Michael M Santiago/Getty Images The Goldman Sachs logo is seen …

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