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The Wall Street cull begins: Goldman Sachs fires bankers at all levels after dishing out bonuses and hiking salaries during pandemic - as the bank is expected to record more than 40 percent drop in earnings this year
[Daily Mail, where America gets its news]
  • Employees at all levels were affected by the cull, sources said - with the brunt of the effort being felt by senior-to-mid-level staffers in offices across the globe

  • Nearly a dozen bankers in the prestigious bank's technology, media and telecommunications division were fired alone - at multiple offices

  • That announcement came as the bank recorded a marked 40 percent drop in earnings this year alone after seeing a brief business boom during the pandemic

  • This spurred Goldman brass to at the time pause its-then routine layoff process, and dish out an array of perks in an effort to retain staff amid increased demand

Posted by: Skidmark 2022-09-27
http://www.rantburg.com/poparticle.php?ID=645204