Goldman Sachs to cut around 1,000 jobs

Goldman Sachs cuts about 1,000 jobs in an effort to save costs of nearly 1.2 billion dollars. Job cuts will occur across the aboard, including both junior and senior level positions. The job cuts come after second-quarter earnings reveal that revenues have decreased by as much as 63% in some investment areas, including the trade of currency, debt, and commodities.

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Goldman Sachs to Slash 1,000 Jobs as Revenues Slow