Layoffs Watch ’07: Isn't Goldman Supposed to Be Immune From This Shit?

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A bunch of people have all told us, “Word is Goldman has laid off about 250* in ABS, CDO, cash from jr-md level,” or something to that effect, this morning. Think it’s true? KNOW it’s true? Guess it’s true? They’re all pretty much the same to us. Don’t hesitate to call.
*And, according to one, "it's not going to be reported anywhere," because the first rule of being fired from Goldman Sachs is, you don't talk about being fired from Goldman Sachs (or Blankfein's bald spot, which is a sensitive topic).

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Layoffs Watch '12: Goldman Sachs

The cuts aren't said to be too significant but good luck telling that to the people who'll no longer be receiving quality Cohn-crotch time. Goldman Sachs, the Wall Street bank that generated 58 percent of first-half revenue from sales and trading, eliminated 20 to 30 jobs in that division this week, according to a person briefed on the matter. The cuts affected salespeople and traders in the U.S., with most taking place in New York, said the person, who asked not to be identified because the reductions aren’t being announced publicly. The decision is part of a continuous review of staffing levels amid difficult markets, the person said. Goldman Sachs Said To Cut More Than 20 In Sales, Trading [Bloomberg]