Goldman Sachs plans to lay off hundreds of staffers as soon as next week, a person familiar with the matter said. It follows a slump in Wall Street deal making.
Chief Financial Officer Denis Coleman said at the time that the bank would slow its pace of hiring and would be slower to replace departing staff as a result of economic uncertainty.
“There’s no question that economic conditions are tightening to try to control inflation, and as economic conditions tighten, it will have a bigger impact on corporate confidence and also consumer activity in the economy,” Chief Executive David Solomon said on a conference call with analysts in July. “I think it’s hard to gauge exactly how that will play out, and so I think it’s prudent for us to be cautious.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock Futures Rise as Wall Street Looks Ahead to Key Inflation DataWall Street is awaiting key inflation data this week.
Lire la suite »
U.S. stock futures point to fourth day of gains for Wall StreetThe positive mood from the last several days - which helped Wall Street snap a three-week losing streak - was continuing into the new session.
Lire la suite »
Wall Street set for higher open as focus shifts to inflation dataU.S. stock indexes were set to open higher on Monday as investors positioned themselves for a crucial inflation reading this week that could determine the pace of interest rate hikes by the Federal Reserve.
Lire la suite »
Kansas AG candidate Kris Kobach resigns from We Build the Wall nonprofit accused of money launderingKansas AG candidate Kris Kobach resigns We Build the Wall nonprofit accused of money laundering. Kobach said that his involvement with We Build the Wall was to help conduct an 'orderly shutdown' of the group's activities.
Lire la suite »
Wall Street's favorite value stocks include a media giant that could surge 55%This year's tumble in stocks has led many on Wall Street to look at a previously underappreciated part of the market: value.
Lire la suite »