Goldman Sachs Considers Cutting London Staff by 50% Post Brexit
Posted: Wed Jan 18, 2017 7:25 am
With plans for the Brexit now underway, Goldman Sachs has announced that it could cut its London staff by as much as 50 percent to 3,000 workers, while transferring some to other locations in preparation for Britain’s departure from the European Union, according to sources cited in Bloomberg.
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The bank is reportedly considering moving up to 1,000 employees including traders and compliance managers to Frankfurt as it moves to relocate its operations across the continent and New York.
A bank spokesperson told Bloomberg: “No decision has ... (read more)