Goldman Sachs Cuts Jobs

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Goldman Sachs is cutting 98 jobs across its divisions after announcing a 20% drop in net income in the first quarter. The bank cites “economic reasons.” Employees have already been notified in advance of the changes to come between May 29 and September 28.

Additionally, Goldman Sach’s bonus pool shrank after it missed analyst revenue targets by $9 billion.

Image Source: USA Today

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Goldman Sachs Cuts Jobs

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