Job Cuts and ‘Donut’ Bonuses May Await London Bankers
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 12 January 2023
⏱️ 25 minutes
🧾️ Download transcript
Summary
This year is off to a sobering start as bankers keep tabs on who is losing their job. Goldman Sachs is terminating about 3,200 people, one of its biggest rounds of cuts ever. This week on In the City, hosts David Merritt and Francine Lacqua explore the question of whether this is just the beginning of a broader retrenchment across the financial industry. They’re joined by Bloomberg Opinion columnist Paul J. Davies, who covers banking and finance, and senior editor Tom Metcalf.
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Transcript
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| 1:14.1 | I'm David Merritt. And I'm Franzine Lacqua. |
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| 1:19.9 | at the heart of the city of London. |
| 1:22.2 | Now this week are big bank job cuts just getting started. |
| 1:26.2 | Yeah, this week, 23 has got off to a bit of a sobering start with the news, |
| 1:29.9 | broken by Bloomberg this week that Goldman Sachs is embarking on one of its biggest ever rounds |
| 1:34.8 | of job cuts. |
| 1:36.6 | Goldman Sachs is embarking on one of its biggest rounds of job cuts ever, as it goes deeper |
| 1:41.9 | than rivals in shedding staff. |
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