On June 30, 2016, at approximately 2:56 p.m. EDT, Goldman Sachs made a public announcement that they will endure the layoff of 30 employees in their New York location starting this week. The layoffs are due to speculation of the United States Bank locations, and the company’s future endeavors are uncertain after the British chose to leave the European Union.
According to Business Insider, a form of contact for Goldman Sachs has declined to comment regarding the duration of time employees will endure layoffs. 30 employees in Goldman Sachs New York location have followed an earlier dismissal in May. The company has filed paperwork with the New York State to release 100 employees.
The Independent reported that the current agreement with banks that have a United Kingdom presence allows them to operate within the countries of the European Union Block. The world is concerned that once the United Kingdom leaves the European Union, there is no guarantee the agreement will stand further.
Goldman Sachs employees may endure potential global layoffs as support for the European Union dissipates over time.
By Jhayla D. Tyson
Edited by Cathy Milne
Business Insider: Goldman Sachs has Been Firing Traders Again
Independent: Goldman Sachs is not Ruling out Moving Staff From the UK to Europe Following Brexit
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