Big banks like Bank of America and Goldman Sachs are letting go of some workers. This is part of their yearly check-up on who's doing a good job and who isn't. It's not because of anything bad happening with cryptocurrency!
- Bank of America cut a small number of junior bankers.
- Goldman Sachs might let go of 3% to 5% of its employees.
- This is happening because there haven't been as many big business deals as expected.
| Bank | Job Cuts |
|---|---|
| Bank of America | A small number of junior bankers (less than 1% of the division) |
| Goldman Sachs | Estimated 1,395+ employees (3-5% of total workforce) |
