Goldman Sachs fires 125 managing directors
Channel: Crypto News Today | CNT
Date: 2023-06-25

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Goldman Sachs is cutting around 125 managing director positions globally amid a deals slump.
This downsizing is part of a broader cost-saving drive, with three rounds of job cuts happening within a year.
The job reductions are happening amidst a faltering deal-making climate, leading to decreased fees.
The firm's bet on consumer banking has backfired, damaging its prestigious brand and causing financial losses.
#goldmansachs #worldcrisis #cryptonewstoday

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