Goldman Sachs Group Inc. plans to eliminate more than 5 percent of traders and salespeople in its fixed-income business, cutting deeper into those operations than an annual cull companywide that has already begun, according to a person briefed on the matter. [Bloomberg]
Layoffs Watch '16: Goldman Sachs Traders And Salesman Got An Extra-Long Holiday Weekend
And the rest of the summer off.
Layoffs Watch '16: Goldman Sachs Tells Investment Bankers To Clean Out Their Desks
The cuts are on top of Goldman's annual axing of the 5% of employees giving the bank a bad name.
Layoffs Watch '15: Barclays Was Just Kidding About Getting Rid Of 7,000 Investment Banking Jobs
Kidding about it not being a lot more than that.
Layoffs Watch '16: Goldman Sachs Is Spreading Out Its Tough Goodbyes This Fall
Some little Lloyds won't make it past Labor Day, while others will get to celebrate one last Halloween/National Salami Day/Election Day/Boxing Day at the bank.