GS is brutal. NAN knows‘Thirty minutes to get out’. Inside Goldman’s brutal job cuts
Joshua Franklin, Ortenca Aliaj and Stephen MorrisJan 12, 2023 – 11.08amNew York/London | Goldman Sachs on Wednesday sacked bankers at its offices in cities from New York and London to Hong Kong, dismissing many employees without paying a bonus for work performed last year while giving some junior bankers 30 minutes to gather their belongings and leave.
The layoffs are the most concrete example of a deep, cost-cutting drive at the Wall Street bank, as chief executive David Solomon tries to reduce expenses following several years of expansion and a slowdown in its investment banking business.
You have reached an article available exclusively to subscribers.
New Year Sale. Save over 50%.
Turn resolutions into actions and subscribe for only $6 per week for your first 3 months of access across our digital platforms. Hurry, limited time only. Cancel anytime.
GET OFFERAlready a subscriber?
2022 AGM Scattered Report, page-56
Add NAN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.89 |
Change
-0.030(1.03%) |
Mkt cap ! $875.6M | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.90 | $2.85 | $2.827M | 985.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 23000 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 16363 | 3 |
View Market Depth
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$2.87 |
Change
-0.030 ( 1.51 %) |
||||
| Open | High | Low | Volume | ||
| $2.88 | $2.90 | $2.85 | 233328 | ||
| Last updated 15.59pm 28/05/2024 ? | |||||
| NAN (ASX) Chart |