More than one hundred managing directors worldwide will reportedly lose their job a Goldman Sachs, amid a broader cost-cutting drive.
Goldman Sachs has started to cut about 125 managing directors globally, according to a «Bloomberg» report citing unnamed sources, including some within the investment banking business. Not all the layoffs have occurred and the reductions are part of a broader cost-cutting drive at the bank.
Goldman Sachs has seen at least three founds of job cuts in less than a year, including another round earlier this month that saw 15 investment banking jobs affected, including nine in equity capital markets.
