Goldman Sachs May Cut 4,000 Jobs or 8% of Workforce
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Business
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason for Goldman Sachs' decision to cut 4000 jobs?
To invest in new technologies
To expand their consumer banking division
To increase their workforce by 8%
To meet their profitability targets
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does Wall Street typically handle underperformers annually?
By offering them additional training
By transferring them to different departments
By promoting them to higher positions
By laying off up to 5% of them
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are Goldman Sachs' planned job cuts more significant than usual?
They are merging with another bank
They are hiring more employees
They are expanding their consumer banking division
They need to achieve more substantial cost savings
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does Goldman Sachs' approach to cost-cutting compare to other banks like Morgan Stanley?
Goldman Sachs is planning more severe cuts
Goldman Sachs is planning less severe cuts
Goldman Sachs is not planning any cuts
Goldman Sachs is increasing salaries instead
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What unique challenge has Goldman Sachs faced that other banks have not?
An increase in asset prices
A merger with another bank
A failed consumer banking venture
A successful consumer banking venture
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