Goldman Sachs:

The fifth largest bank in Unites States, Goldman Sachs has planned to cut around 1,000 jobs by the year end to reduce the costs by $ 1.2 billion in expenses. Goldman’s CFO David Viniar told the analysts that they are not much focused on the dollars that the savings will create than the number of heads.

Even though it I cutting down in the U.S, the bank has planned to hire 1,000 new employees for its Singapore office as reported by the Fox News.