Goldman Sachs Layoffs To Number 3,200

Goldman Sachs notified roughly 3,200 employees this week that they have been laid off, part of previously reported plans to slash 10 percent of the firm's global work force amid slumping markets, Reuters reported, citing people familiar with the situation.

Two weeks ago, reports surfaced that Goldman planned to cut 10 percent of its staff, or almost 3,300 jobs, reflecting the weak economy and a cut back in proprietary trading. The cuts are an about-face for a company that as recently as September insisted its headcount would rise this year.

The latest cuts reduce headcount to the lowest since 2006 and hit every businesses and region.

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