Layoffs Watch '16: This Is Harder On Lloyd Blankfein Than It Is On You

The Goldman Sachs chief will miss each and every one of you.

Gary Cohn's grundle will also need a period of time to grieve.

Goldman Sachs Group Inc. is trimming additional staff from its sales and trading division, people familiar with the matter said, marking another wave of cost cuts for the Wall Street firm as it wades through a slump at some of its key businesses. The cuts are on top of those made earlier this year and signal difficult trading conditions could be continuing into the second quarter from a tough first period.

Goldman Sachs Cuts More Jobs in Securities Business [WSJ]