Rumour on Wall Street is that Goldman are now looking to reduce headcount. With staffing numbers flat in 2001, Goldman is the only major investment bank not to slash staff numbers since the start of the recent slump in the industry nine months ago.
With the IPO and M & A markets both still in the doldrums, investment banking profits will continue to be under pressure in the short-term.
Goldman Contemplates Job Cull ?
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