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Monday, September 23, 2002

Goldman Readying Cuts

by: Sean Hanna, Editor in Chief

Goldman Sachs is reported to be considering layoffs covering all ranks at the firm. The cuts are expected to be announced sometime in the next few weeks, according to the New York Post.

The bulk of the cuts are expected to be in its investment banking unit and may number between 150 and 200 in that unit, the paper reports.

The paper reports that senior managers have department heads to put together "lists of candidates to be laid off" as part of the cost cutting.  

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