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Goldman cuts 20 to 30 in sales and trading

The bank is targeting an additional $500m in cost savings by the end of this year

Goldman Sachs cut 20 to 30 jobs among its sales and trading staff this week, mostly in New York, according to a person familiar with the matter.

The cuts come as the firm's securities division, long a leading contributor to overall firm revenue, struggles with difficult markets and reduced risk taking by clients.

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