Goldman Sachs boss unveils plan to cut jobs amid global economy fears | Goldman Sachs
The boss of Goldman Sachs has told staff that he will make job cuts early next month, as the US investment bank seeks to improve its profits amid concerns over the global economy.The bank is reportedly considering cutting about 8% of its 49,000 employees, which could equate to as many as 4,000 job losses. It is also thought to be considering cuts to its bonus pool of up to 40%.It comes as the City of London prepares for a thinning of the ranks, with thousands of jobs expected to go....
