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Goldman Sachs to cut jobs in Singapore and rest of Asia

Singapore Business Review

Almost 30% of its 300 investment banking jobs in the region will be affected.

Wall Street bank Goldman Sachs, is reducing its workforce on mergers and acquisitions, and equity and debt capital market deals by 30% in Asia amidst economic slowdown.

According to a report by Reuters, job cuts will most likely to take place in Hong Kong, Singapore and China.

Goldman has around 300 investment bankers in Asia, and around 30 are in Singapore.

Here's more from Reuters.



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