Business
Goldman Sachs Cutting About 125 MDs; JPMorgan Cuts 40 Dealmakers
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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@williamwallace6508
January 8, 2024 at 6:56 pm
"MDs" what a joke.
@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… ????
@suleimanpeshawari1032
January 8, 2024 at 6:56 pm
That’s 525m – 750n of savings
@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.
@YAHVISIONRowles
January 8, 2024 at 6:56 pm
Wow, this does not look good for the economy🤓😎
@praveenspike
January 8, 2024 at 6:56 pm
Its a depression, compare the original data of the 30's.
@erikperik1000
January 8, 2024 at 6:56 pm
chatGPT gets a lot of work done
@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
@juniorjr5328
January 8, 2024 at 6:56 pm
125 MDs… wow
@dangood2287
January 8, 2024 at 6:56 pm
News released over weekend. Smart
@manonamission2000
January 8, 2024 at 6:56 pm
average salary of an MD may explain it