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Goldman Sachs CEO Solomon says no ‘specific plans’ for further job cuts
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Goldman Sachs chief executive, David Solomon, said that the bank has no "specific plans" to further reduce headcount after a deal drought forced it to cut around 3,500 jobs in the last six months.
In a call with an analysts, Solomon said that Goldman will continue with its "regular performance-based process" that typically strips out around 2% of employees each year, but was not planning further significant cuts after stripping out more employees than at any point since the 2008 financial crisis.
"I'm...
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