Goldman Sachs fires at least 25 bankers in Asia: Report

Goldman Sachs has laid off at least 25 bankers in Asia, Bloomberg News reported. The job cuts impacted junior-level bankers involved in deals in Greater China, the report added. In 2021, Goldman Sachs increased hiring in mainland China and Hong Kong after their financial markets opened to foreign brokerages. The bank's headcount increased to 47,000 by June end.