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Goldman job cuts hit investment banking and global markets hard

Goldman job cuts hit investment banking and global markets hard

Massive layoffs and spending review for the Wall Street giant Cups in all major divisions expected, globally Asian wealth unit restructuring kicks off Wednesday layoffs NEW YORK/LONDON/HONG KONG, Jan 12 (Reuters) – Goldman Sachs (GS.N) began laying off staff on Wednesday as part of a sweeping cost-cutting campaign, with around a third of those affected …

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Toyota cuts production target amid chip slump as profits fall 25%

Toyota cuts production target amid chip slump as profits fall 25%

Q2 profit of 562.7 yen mv vs. 772.2 yen mth forecast Reduced production target for the year to 9.2 million units from 9.7 million It’s unclear when the chip shortage will end – executive Results ‘very unimpressive’ given positive factors – analyst Shares end down 1.9%, benchmark Nikkei up 0.3% TOKYO, Nov 1 (Reuters) – …

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