According to Chaz, Goldman is the only firm that is "actually planning" on cuts (whereas others are taking a "wait and see" approach).
The House of Lloyd is said to be doing its annual cut of the bottom 5 percent and then some later this week.
A whole bunch of senior people were to pack up their things and leave last Thursday. Goldman Sachs laid off about 50 people last week, according to people briefed on the matter but not authorized to speak on the record. The cutbacks have rattled some people in the firm, in part because a number of the employees were managing directors and on the higher end of Goldman’s pay scale. We're also told that "good performers, not dead weight" were among those cut, which must doubly sting. Goldman Sachs Cuts A Little Deeper [NYT]
