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Goldman Sachs Group Inc To Begin Fresh Round Of Job Cuts-Reuters

Monday, 25 Feb 2013 07:00pm EST 

Reuters reported that Goldman Sachs Group Inc will begin its annual job cutting process as early as Last week of February 2013, with its equities-trading business bracing for bigger cuts than fixed-income trading. The bank usually culls out the weakest 5% of its employees around now. But the cuts will likely be deeper in some businesses, particularly equities trading, where volumes and earnings are weak. 

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2.74 +1.48%
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