FRIDAY MARCH 21
Goldman: You’re Dismissed

According to The New York Post, this may be what Goldman plans to say to a not-so-insignificant portion of its work force. Given the current mood on Wall Street, there’s a lot of reason to believe that for many, this may be a not-so-good Friday.

March 2008

Goldman Sachs Group Inc. plans to dismiss as much as 15 percent of its workforce in the capital markets and related support departments, the New York Post reported, citing unidentified people familiar with the matter.

The reductions are likely to come in the division that includes investment banking, debt and equity underwriting and merger advice, the newspaper said. Employees were first notified about the staff cuts on Monday, the Post reported.

Goldman Sachs London-based spokesman Paul Kafka had no comment to make on the report, when contacted by Bloomberg News today.

Continue reading at Bloomberg.com

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