Goldman Sachs laying off thousands as Wall Street braces for slowdown | CBC News
Briefly

Staff at Goldman Sachs are bracing for news on whether they will keep their jobs on Wednesday, as the U.S. investment bank begins a sweeping cost-cutting drive that could see its 49,000-strong global workforce shrink by thousands.The long-anticipated jobs cull at the Wall Street titan, expected to represent the biggest contraction in headcount since the financial crisis, is likely to affect most of the bank's major divisions, with its under-fire investment banking arm facing the deepest cuts, a source told Reuters this month.
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