Goldman Sachs will cut tens of top managers around the world

Banking group Goldman Sachs fired a few dozen leaders around the world, reports Bloomberg, citing sources familiar with the situation.

According to the Agency, the reductions will be exposed to managing Directors, Executive Directors and Vice-presidents of the group, who run the divisions, mergers, debt and equity capital markets. The reduction will take place in new York, London, Hong Kong and other cities. They will complement the annual layoffs of 5% of employees, which the company considers Laggards.

Thus Goldman Sachs responds to the decline in trade and a decrease in the number of trades, Bloomberg reported. In the banking group declined to comment.

The results of Goldman Sachs for the first quarter of 2016 were among the worst in the last four years. The group’s revenue fell sharply due to the decline in commodity prices, concerns about the Chinese economy and uncertainty over interest rates in the United States. Their size was $6.34 bn — 40% less than the year before. Net profit fell from $2,84 billion to $1.14 billion