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  • Goldman Sachs set to cut 1,500 jobs

    01/26/2008 1:46:01 AM PST · by TigerLikesRooster · 13 replies · 690+ views
    Globe and Mail ^ | 01/25/08
    Goldman Sachs set to cut 1,500 jobs Reuters Friday, January 25, 2008 LONDON — — U.S. investment bank Goldman Sachs plans to release about 5 per cent of its global work force in coming months, a company spokesman said on Friday. Details of the cuts, which are set to take place across the bank's departments, are set to be announced by March, said the spokesman, adding this is part of the normal employee evaluation process. “We conduct performance reviews every year and this is part of that process,” said the spokesman. Goldman Sachs employs about 30,500 people worldwide, meaning the...