Some Wall Street Investment Banks Brace for Layoffs
Posted on 09/12/2022
Some Wall Street investment banks are bracing for layoffs due to the rising cost of money (Federal Reserve increasing interest rates) and slow down in deal making. One of those banks is Goldman Sachs. Goldman Sachs reported nearly a 50% drop in second quarter 2022 profit, this is after a blockbuster year in 2021. Now…
