Goldman Sachs is preparing for more job cuts in the near future, according to CEO David Solomon.
“We are conducting a careful review and while discussions are still ongoing, we anticipate our headcount reduction will take place in the first half of January,” Solomon“There are a variety of factors impacting the business landscape, including tightening monetary conditions that are slowing down economic activity. For our leadership team, the focus is on preparing the firm to weather these headwinds,” he added.
The longed-for cut of 1.25 percent in Americans’ wages would take $137 billion from voters’ pocketbooks, each year, in perpetuity, according to data provided by another Wall Street firm, Moody’s Analytics. President Joe Biden speaks in the South Court Auditorium on the White House complex in Washington, December 8, 2022.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Goldman Sachs CEO David Solomon warns mass layoffs just weeks awayGoldman Sachs bankers should enjoy popping the Champagne on New Year’s Eve — because the party will be over for many of them in 2023. David Solomon, the investment bank’s CEO, war…
Consulte Mais informação »
Goldman Sachs CEO expects layoffs in first half of January: reportEarlier this month, there were reports that the banking giant was planning to lay off about 8% of its workforce, or nearly 4,000 employees.
Consulte Mais informação »
'Housing market slowdown' is a relative term in North Texas - CEO SpotlightChris Kelly, CEO of Ebby Halliday Companies joins David Johnson on today's episode of CEO Spotlight.
Consulte Mais informação »
Japan’s MOF gives BoJ specific instructions for FX intervention – Goldman SachsAnalysts at Goldman Sachs explain the process of how the forex market intervention is conducted by the Japanese authorities. Key quotes FX interventio
Consulte Mais informação »
Goldman sharpens knife on headcount, bonuses along with other big banksThe U.S. economy has been slowing down, but the recession has already hit pockets of investment banking as deal-making cools and Goldman eyes cost-cuts.
Consulte Mais informação »
China reopening earlier than expected could hit supply chains in the short term, but boost growth in 2023Mainland China's reopening came sooner than expected for investors, and Goldman Sachs warns it will bring a short-term strain in workforce and supply chains.
Consulte Mais informação »