Goldman Sachs axes 600 bankers from New York headquarters

As part of the Wall Street bank’s largest round of layoffs since the 2008 financial crisis, almost 20% of Goldman Sachs’ 3,200 job losses were made in its New York headquarters.

According to a filing with the New York State Department of Labour, Goldman laid off 589 employees from its 200 West Street headquarters as part of a larger wave of layoffs.

This is around 18% of the total, demonstrating that Goldman Sachs employees in its crucial Wall Street activities were singled out for cost-cutting measures. A third of the 3,200 job losses were