Friday, October 24, 2008

Goldman to slash 10% of staff

Many were looking to Goldman Sachs as the model of financial industry stability in these troubling times. Well, it looks like all may not be so rosy on Broad Street after all - Goldman to slash 10% of staff: "The Goldman Sachs Group Inc. is preparing to cut 10% of its work force, or 3,260 workers, according to a source people familiar with the matter."
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