The Sunday Times in the U.K. reports that 100 of Goldman Sachs’s well-paid partners will soon be headed for the exit.
The cuts are said to save the bank up to $2 billion, the Investors Chronicle reports, citing the Sunday Timesarticle, which is hidden behind a paywall.
The details of the cuts are expected to be revealed in the coming weeks by Michael Sherwood, the co-chief of the bank’s London operation, the Investors Chronicle report said.
Meanwhile, the bank is expected to name its newly appointed partners on November 14, Reuters reported earlier this month.
SOURCE: Business Insider