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Goldman Sachs Cutting About 125 MDs; JPMorgan Cuts 40 Dealmakers

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3 years ago

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Wall Street firms are slashing more jobs. Goldman Sachs Group Inc. has started cutting managing directors across the globe, according to people familiar with the matter. And JPMorgan Chase & Co. is cutting about 40 investment bankers in North America. Vonnie Quinn reports on Bloomberg Television.
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11 Comments

11 Comments

  1. @williamwallace6508

    January 8, 2024 at 6:56 pm

    "MDs" what a joke.

    Reply

  2. @stephanienguyen6992

    January 8, 2024 at 6:56 pm

    Employees are doing more work on the daily tasks. We don't need high level of MD, SVP, VP, Directors, Senior Managers, Managers. Big Banks and Private Banks – can SAVE Billions / Millions Dollars, do basic math, charts, schedules. These peoples are going for lunch 3 to 5 hours = Check the Downtown Bars, Restaurants, etc… ????

    Reply

  3. @suleimanpeshawari1032

    January 8, 2024 at 6:56 pm

    That’s 525m – 750n of savings

    Reply

  4. @t23001

    January 8, 2024 at 6:56 pm

    Current problems impacting deal flow: Runaway U.S. government spending causing higher interest rates, the FTC’s crusade against mergers, new SEC regulations on SPACs (much needed), and flight to quality in the venture capital market.

    Reply

  5. @YAHVISIONRowles

    January 8, 2024 at 6:56 pm

    Wow, this does not look good for the economy🤓😎

    Reply

  6. @praveenspike

    January 8, 2024 at 6:56 pm

    Its a depression, compare the original data of the 30's.

    Reply

  7. @erikperik1000

    January 8, 2024 at 6:56 pm

    chatGPT gets a lot of work done

    Reply

  8. @waynehornberger9825

    January 8, 2024 at 6:56 pm

    Wealth of the wicked is layed up for me they shall gather it up but I shall put it on he that by usery and Unjust gain increaset his substance he shall gather it up for me because I pity the poor they work for me

    Reply

  9. @juniorjr5328

    January 8, 2024 at 6:56 pm

    125 MDs… wow

    Reply

  10. @dangood2287

    January 8, 2024 at 6:56 pm

    News released over weekend. Smart

    Reply

  11. @manonamission2000

    January 8, 2024 at 6:56 pm

    average salary of an MD may explain it

    Reply

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Yardeni Says Inflation, Fed Back in Play on Iran Crisis

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July 16, 2026

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Ed Yardeni, president of Yardeni Research, says the flare-up of fighting with Iran rekindles market concern that rising oil prices will stoke inflation — and force the Federal Reserve to hike interest rates. He speaks on Bloomberg Television’s “Surveillance.”
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Trump Says US Will Give Ukraine License to Make Patriot Missiles

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4 hours ago

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July 16, 2026

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President Donald Trump, speaking at the NATO Summit in Ankara, Turkey, says the US plans to give Ukraine a license to make their own air defense Patriot missiles. During a meeting with Ukraine President Volodymyr Zelenskyy, Trump says it’s very complex, but we’ll “show them how to do it.”
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Ukraine Seeks Faster Patriot Production

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July 16, 2026

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Axios defense reporter Colin Demarest says President Donald Trump’s proposal to let Ukraine produce Patriot interceptors faces significant manufacturing, licensing and technology hurdles, making it unlikely to address Kyiv’s immediate air defense needs. He says shortages of advanced interceptors continue to raise broader questions about defense industrial capacity, while Ukraine’s rapid innovation in drones is reshaping how allies think about modern warfare.
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Paramount-Warner Bros. Deal Challenged by California, States

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July 15, 2026

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A group of 12 states sued Paramount Skydance Corp. Monday seeking to block its $110 billion bid to buy Warner Bros. Discovery Inc., alleging the blockbuster Hollywood deal would leave viewers with higher prices and fewer choices for movies and television.  Jennifer Rie, Bloomberg Intelligence Senior Litigation Analyst for Antitrust joins Bloomberg Businessweek Daily to discuss.
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Makary on FDA’s rollback of hormone replacement therapy warnings #shorts #fda #hrt #womenshealth

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9 hours ago

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July 15, 2026

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Dr. Marty Makary, former FDA Commissioner, explains the decision behind the FDA’s rollback of long-standing warnings on hormone replacement therapy. On Wall Street Week we look at the $360 billion women’s health market, Wall Street’s investment in menopause and the challenges of distinguishing evidence-based care from marketing hype https://bloom.bg/3EMZYZX

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