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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.
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Do you just completely fall apart when saying goodbye to colleagues for the last time, especially ones who've been canned and asked to leave the building for good? Would you prefer to get it all done in one fell swoop in an acutely painful way but once it's over, is over, rather than staining another new shirt with tears every several weeks as friends who feel like family because they know your regular Seamless order by heart trickle out the building? If you're working over at 200 West Street, it's gonna be a rough few months.

Goldman Sachs Group Inc. notified state officials that it’s trimming 55 positions in New York, marking the fourth round of job cuts this year and pushing the total number dismissed to more than 400. The reductions are scheduled to happen between Aug. 31 and Dec. 29, the New York-based firm said in a notice with the state Labor Department dated July 8. About half are traders and salesmen in the securities division, with the rest scattered across other units, a person briefed on the matter said.

Goldman Sachs Tells Regulator of 55 More New York Job Cuts [Bloomberg]

Earlier: Layoffs Watch ’16: Goldman Sachs Traders And Salesman Got An Extra-Long Holiday Weekend


Sad about it. Getty Images.

Layoffs Watch '16: Goldman Sachs

The House of Lloyd has bid a buncha employees adieu.

Layoffs Watch '16: Goldman Sachs

The House of Lloyd is making cuts.

Hard on him that it is on you. (Getty Images)

Layoffs Watch '16: Goldman Sachs

According to Charlie Gasparino, the House of Lloyd is preparing big cuts.

getty images

Layoffs Watch '16: Goldman Sachs Is Lightening Its Load In Asia

The House of Lloyd plans to divest itself of a whole buncha investment bankers.

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.