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Goldman Sachs to Cut About 30% of Asia Investment Banking Jobs

Goldman Sachs to Cut About 30% of Asia Investment Banking Jobs

Goldman Sachs is going to cut about 30% of their Asia investment banking jobs in Asia beside Japan. It will lower the number of bankers who are working on mergers and acquisitions. equity and debt capital markets.

“Goldman Sachs is going to cut about 30% of their Asia investment banking jobs in Asia beside Japan.”

~Reuters

The job cuts are most likely to occur around Hong Kong, Singapore and China.  Goldman has highlighted in July that it will go on a cost cutting drive to save $700 million a year due to decline in revenue. This will leave Goldman Sachs with slightly more than 200 bankers in Asia.

Related Reports: Reuters, CNBC

 

About Goldman Sachs

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

Visit: Goldman Sachs

 


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