Posted AT 11:30 AM EST on 25/01/08
Goldman Sachs set to cut 1,500 jobs
LONDON — — U.S. investment bank Goldman Sachs plans to release about 5 per cent of its global work force in coming months, a company spokesman said on Friday.
Details of the cuts, which are set to take place across the bank's departments, are set to be announced by March, said the spokesman, adding this is part of the normal employee evaluation process.
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