Assuming the rumors are true since it just hit CNBC headlines. 2% of workforce. All departments?
Condolences to anyone involved.
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It's true and global, but it's to be expected given the kind of year it's been.
Any details on cuts in IBD?
Can’t speak for other regions but minimal cuts in London. Less than 10 across IBD. Looks to be EDs and associates across a range of teams.
Underperformers?
Not great news tbh, without significant layoffs bonuses will be significantly diluted. Wouldn’t be surprised if GS bonuses come in significantly higher than MS
Wasn't it the case already this and previous year?
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