Goldman Sachs to cut jobs in Singapore and rest of Asia

Around 90 investment bankers 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 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.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!