The cutbacks will fall most heavily on areas such as fixed income and investment banking, which have been hardest hit during the contraction of the financial markets in the past year.
The cuts will also be spread geographically across Goldman offices, with New York and London taking the biggest hits.
They mark a sharp U-turn for Goldman which, despite the turmoil, had been adding employees over the past year. The workforce increased by nearly 9 per cent in the past quarter compared with a year ago, according to regulatory filings.
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