GP: Goldman Sachs is looking at cuts that could trim its workforce by 8 percent, according to multiple reports.
A report by Fox Business said the full scope of the layoffs is uncertain, but with 49,100 employees as of Sept. 30, an 8 percent cut would mean somewhere around 4,000 employees could lose their jobs. The firm cut 500 workers in September.
Further, the annual round of hefty bonuses could be reduced or eliminated for what the Wall Street Journal called underperforming employees. A report in the New York Post, citing the Financial Times, said the bonus pool was going to be diminished by 40 percent. More
So looking forward to the collapse of that Banksturds of Amerikans house of notes and cards of yorks.
2023 will most likely suck hard for the stock markets.
This is gonna look like small potatoes compared to what will happen next year! We’re about to see the return of the apple and pencil street vendors…
“I’ll be home for Christmas” takes on a while new meaning.
Buffy and Biff’s Beamers and Benz hit the market. Private School to Public School transition happening quickly.
Champagne, Lobster and Caviar are no longer on the menu.
There’s always room for one more balony, 70/30% hamburger and cheap beer crowd. Pull up a chair, we’ve been here for two years.
Artificial markets always correct the hardest. Come to papa, assholes.
Oh yeah, I forgot to say “I feel your pain”.