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Goldman Sachs Group cut several dozen jobs from its U.S.
operations on Thursday, aiming to cut costs amid a slowdown in capital markets
activity, three people familiar with the matter told cnbc.
The job cuts took place at Goldman Sachs headquarters in
Lower Manhattan, as well as offices in New Jersey and Salt Lake City, said the
people, who spoke under the condition of anonymity. It was unclear whether similar cuts occurred
globally, but they affected employees at all levels, two of the sources said. The bank, which employed 32,400 people at the
end of March, cut dozens of jobs earlier this month.
Wall Street is bracing for weak second-quarter earnings
reports from global investment banks next month, due to weak trading volumes
and a sharp drop in deal activity. Analysts
and consultants predict that banks will cut more jobs this year — perhaps
another 5 percent of staff — due to weak profits, even after thousands of job
cuts last year….
For more turn to http://www.cnbc.com/id/48004855
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