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Goldman Sachs cuts more jobs in securities

Around a third of the cuts were in Europe, focused on London, according to a person familiar with the matter

A Goldman Sachs logo is displayed on the floor of the New York Stock Exchange in New York City
A Goldman Sachs logo is displayed on the floor of the New York Stock Exchange in New York City Photo: Getty Images

Goldman Sachs is trimming additional staff from its sales and trading division, people familiar with the matter said, marking another wave of cost cuts for the Wall Street firm as it wades through a slump at some of its key businesses.

The latest cuts, which affected about 100 people this week, signal that difficult conditions that weighed on Goldman's results during the first few months of 2016 may not have changed significantly in the second quarter.

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