Goldman announces another 44 job cuts in New York!
Goldman have informed the regulator of a further 44 job cuts in NYC. This is in addition to the 98 announced in June, and brings the total number of job cuts to over 400 for 2016.
The cuts will be made by the end of the year.
Goldman sighted weaker dealmaking, and trading slump for the cuts.
Earlier in the year they announced that the Fixed Income department would be cut by 10%, double its usual 5% trimming.