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Goldman Sachs to ax 125 managing directors worldwide in latest layoffs
 [NYPOST] Goldman Sachs has begun axing managing directors across the globe as the Wall Street giant looks to cut costs amid a profitability crunch, sources familiar with the matter told Bloomberg.About 125 managing directors, including some in investment banking, are going to be fired as part of a round of layoffs that’s set to affect 250 employees at every level, a spokeswoman told The Post. While the spokeswoman declined to comment any further, sources — who asked to remain anonymous since the matter isn’t public — told Bloomberg that managing directors have already begun to receive pink slips. The latest reduction in headcount comes as deal values have fallen more than 40% to $1.2 trillion this year. Goldman Sachs ranked as the No. 2 adviser globally, according to data compiled by Bloomberg. The last time the bank didn’t place first at the year’s halfway point was in 2018, the data showed.
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