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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The cuts aren't expected to go too deep but every man, woman, and plant counts. David A. Viniar, Goldman's chief financial officer, said the latest round of belt-tightening by the New York company might include job losses for "a couple of hundred people." By year end, Goldman will reduce total expenses by $500 million on top of about $1.4 billion in cuts since last spring. Goldman To Tighten Belt Further [WSJ] Related: Goldman Sachs’ Philodendrons In The Line Of Fire