Banking group Goldman Sachs has cut staff in its Russian unit, reported Reuters citing three sources familiar with the situation.
According to the Agency, the cuts were for the last few months, they can continue toward the end of summer. One of interlocutors of Agency told that the Bank has reduced in Russia, traders, investment bankers and employees of the back office. Another source recalled that Goldman Sachs fires employees worldwide, and stressed that in Russia the reductions are mainly exposed investment bankers, and the reason for this was the lack of deals.
According to the assessment of one interviewee by Reuters, the cuts were over 10% of our employees. At the same time, a representative of Goldman Sachs declined to comment.
The Bank is going to lay off a few dozen leaders worldwide, reported informed sources Bloomberg. We are talking about managing Directors, Executive Directors and Vice presidents in the group, the governing units of the merger, debt service and equity markets. Dismissal will be held in new York, London, Hong Kong and other cities.
In the first quarter of 2016, Goldman Sachs showed one of the worst results in the last four years. Its revenues fell 40%, to $6,34 billion, Profit fell to $1.14 billion from $2,84 billion a year earlier.