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Potential job cuts coming to Wall Street, specifically at Goldman Sachs, with reports of at least 400 job cuts from the consumers business. The bank is looking to restructure the division, turning off a checking account product in beta testing. Headcount has grown 34% since 2018, making 2022 a challenging year. CEO David Solomon acknowledges the tough macroeconomic backdrop, hinting at necessary cuts. This news may not be surprising to Wall Street, known for trimming the fat during tough times.
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