Friday, October 24, 2008

Et tu, Goldman?

Goldman Sachs finally joins the ranks of firms that will slash jobs- a 10% cut in workforce is planned, FT reports. The axe will fall heavily on fixed income and investment banking. Nobody should be surprised- Goldman's reputation for invincibility has been badly dented in the present crisis. Bad news for India's top B-schools, I guess.

1 comment:

arpz said...

sir, it is not just goldman, a host of companies get ready to slash thier workforce - Thomson reuters runs an article on this on their news website - reuters.com