Goldman Sachs is cutting about 5% of sales and trading staff after senior equities leaders delivered a tough town hall talk (GS)
|03/15/2019||Posted by BusinessMediaguide.Com under General World News||
- Goldman Sachs is cutting about 5% of the people in its sales and trading division, according to a person with knowledge of the matter.
- Each year, Goldman culls underperformers across the company, with the percentage dependent on the performance of the business and future growth prospects.
- At an equities town hall on Monday before the cuts were announced, a top equities exec told staff that he’d have zero tolerance for them if they didn’t buy into the culture of renewed collaboration that new CEO David Solomon is trying to instill.
Goldman Sachs is in the process of cutting roughly 5% read more >>>