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ohwhatj t1_j5jpmyo wrote

> Goldman is letting go of more than 3,000 employees.

> Goldman Sachs' asset and wealth management posted a 39% decline in net revenue to $13.4 billion in 2022, with its revenue from equity and debt investments sinking 93% and 63%, respectively, according to its earnings announced last week.

Pretty sure Goldman Sachs has their own problems right now

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mowotlarx t1_j5jwnge wrote

It's not really a problem though, is it? They still made massive profits just less than they wanted to. I know boards demand growth growth growth at all costs whether it's possible or not. Cutting jobs was just a quick and easy way to drum up short term profit to please the masters. Maybe one day public companies in America will stop functioning like pyramid schemes, but I doubt it.

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