Monday, November 3, 2008
"Goldman Sachs Group Inc. [GSG] is preparing to cut about 10% of its 32,500 employees, according to people familiar with the matter, a sign of the deepening job losses on Wall Street", Susanne Craig (SC), at the WSJ, 23 October 2008.
If SC means what I hope she means, this is great news. If GSG cuts 3,200 more employees a month for the next ten months, the "crisis" might end. Not fires, "cuts", at the neckline. I presume GSG installed a "CNC guillotine" in its offices that Robespierre would be envious of.