NEW YORK CITY (dpa-AFX) - Goldman Sachs Group Inc. (GS) dismissed about 60 traders and salesmen in New York and London this week, according to media reports citing people familiar with the matter.
The cuts, which come on top of at least 353 others in New York this year, affect employees in fixed-income and equities. The departures are about evenly split between the two cities, the reports said.
Goldman Sachs eliminated dozens of managing directors, executive directors and vice presidents across the mergers and debt and equity capital markets teams this year. Before the latest round, the firm had extended reductions in its fixed-income division to roughly 10 percent of staff, double the number of jobs it normally culls each year.
Copyright RTT News/dpa-AFX