Relevant:
- Goldman Sachs's Profit and Revenue Fell in Quarter (REGULATION, FIXED-INCOME DIE-OFF, MORTGAGE SETTLEMENTS, OH MY!)
- Wall Street Average Bonus Fell 9% in '15, State Comptroller Says
- Goldman Sachs cuts staff in annual review process
- Goldman Sachs's Profit and Revenue Tumble in Quarter
- Goldman Sachs is Forecasting a Recession in 2008
2016-10-26 — stltoday.com
Last week's notice brings this year's job-cut tally to 443. With the run of notices, seven since the start of the year, the bank has signaled its intention to dismiss hundreds of employees in New York without placing a single, headline-grabbing number on the overall reduction, already its largest since 2008.
...
In January, a person familiar with the firm's thinking said Goldman Sachs was mulling cuts to more than 5 percent of its fixed-income staff. By March, that would expand to more than 5 percent but less than 10 percent. And by May, 10 percent.
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