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25

Goldman Sachs Said to Plan 25% Cut to Asia Investment Bank Jobs

By Tony Seruga

About 75 posts said to be lost in Asia region, excluding Japan
Goldman Sachs is said to make job cutbacks later this year

Goldman Sachs Group Inc. plans to cut about a quarter of its investment-banking jobs in Asia, excluding Japan, because of a slump in deal-making in the region, according to a person with knowledge of the matter.

The New York-based bank plans to make the cutback of about 75 jobs in the region later this year, the person said, asking not to be identified because the matter is confidential. The job reduction comes as the bank faces its worst Asia ranking in equity issuance since 2008, according to data compiled by Bloomberg data. A Goldman Sachs spokesman said he was unable to comment…

Goldman Sachs Said to Plan 25% Cut to Asia Investment Bank Jobs

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