Goldman Sachs Reportedly To Slash 5%-10% Of Bond, Forex Staff

Goldman Sachs (GS) is reportedly reducing up to one-tenth of its fixed-income and currency trading staff amid a wave of job cuts in the industry.

The investment bank is laying off between 5% and 10% of that division’s staff, according to Reuters, citing a source familiar with the matter.

Fixed-income, currencies and commodities (FICC) trading revenue from the world’s 12 biggest investment banks dropped 9% last year to $69.9 billion, Reuters reported separately. Regulatory shifts and...

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