With mounting cost pressures, Goldman Sachs is reportedly planning to lay off roughly 4,000 employees

According to Bloomberg, citing a source familiar with the situation, Goldman Sachs Group Inc. is planning to let off about 4,000 employees.

These recent layoffs at Goldman Sachs are indicative of potential further job cutbacks across Wall Street in the coming months as businesses strugg...

COVID-19 IMPACT: WELLS FARGO & CO. CUTS OVER 700 COMMERCIAL-BANKING JOBS

Highlights

• As per a statement given by Wells Fargo spokeswoman Katie Ellis, the company is at the beginning of a multiyear effort to build a stronger, more efficient company for its customers, employees, communities and shareholders

• While several banking firms in...

SINGAPORE SUNTEC TO REDUCE STAFF AMID COVID-19

HIGHLIGHTS

• About portion of the workforce over the Suntec Singapore Convention and Exhibition Center will be removed, with the presentation business "seriously affected" by the COVID-19 pandemic.

The removing exercise will impact 85 j...