Maybe they should change their name to Goldman SACKS. They're reportedly laying off10% of their employees, approximately 3,260 jobs. It was just announced that Goldman will likely be getting $10 billion once the government takeover, er, I mean assistance plan, goes through. Guess it's not enough to save the thousands of workers who are joining the ever-growing ranks of the unemployed.
This brings the total financial industry job cut count to around 110k. And I'm sure this isn't the end, as experts say this is the best time to lay people off, so as not to do so during the upcoming holidays (how thoughtful).
Maybe we should just all pack up our stuff now and work out of the box under our desk. That way it's a quicker trip to the door once we get the news.