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Goldman Sachs Lays Off 125 MDs in Face of Tough Times
Goldman Sachs is laying off 125 managing directors in the face of a sharp downturn in deal making activity. Deal values and volumes are down 40% this year, according to S&P Global Market Intelligence. This seems to be more of a story about the potentially structural decline or at least the kind of strategic decline of Goldman Sachs relative to some of its peers. Is it due to management? Are they just strategically misplaced, or are they just making a bunch of wrong decisions? What's going on?
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