Layoffs at Goldman benefits shareholders.

Employment News

By EmploymentCrossing | Dated: 01-17-2013

Notwithstanding the fact that Goldman Sachs Group Inc. paid a smaller portion of its revenue to employees, the company has done well to manage to increase average employee pay by laying off staff and taking in more revenue. To put it more simply, most of the benefits went to shareholders, although the bank’s employees were more productive.

Read the full article here:
Goldman boosts returns to shareholders through layoffs

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