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Re: Citigroup to slash 10% of IB jobs... [#permalink]
24 Jun 2008, 01:03
Goldman is also cutting 10% of IB
Yeah, that is the big news. Everyone knew Citi was going to cut more, their CEO said as much recently. But Goldman's cuts are a shocker - especially since they are letting senior folks go as well. You'd think they made enough loot in the past few years to keep people around through some lean times but I guess not.