Goldman Sachs, Citigroup and then brandished a knife and cuts the Wall Street panic.

By the sub-prime mortgage crisis hit, re-transmission of a new wave of layoffs on Wall Street. .Goldman Sachs and Citigroup have announced that it will cut investment banking department of human, by 10%, which makes Wall Street worried. .<P> (Http://finance.) United States subprime mortgage crisis in the growing range of radiation, even the second-quarter earnings profit can Chiyingbaotai of Goldman Sachs also announced layoffs. .Goldman Sachs in the second quarter revenue of 9.42 billion U.S. dollars, earnings decreased 10% over last year 20.9 billion, compared with the first quarter, and even showed positive growth, while Goldman Sachs, Wall Street also tried to find out in the storm remained a secret profit .tactics, the Goldman Sachs Group last week, has begun the implementation of 10% of the layoffs, is expected to cut 2008 investment banking responsible for mergers and acquisitions advisory, and corporate finance business employees. .</ P> <P> Goldman Sachs Group, Investment Banking sector is an important printing press, this wave of layoffs actually move to this sector, so that Wall Street is more worried about the new wave of Wall Street layoffs speed and range will be more intense. .</ P> <P> and a leading global bank Citibank has announced that before the wave of the global reduction of more than 15,000 employees, 6,500 employees on Monday, there will receive a severance notice. .Citibank cuts this wave of major investment banking departments of human, among which the maximum rate of mergers and acquisitions business, layoffs, including New York and several cities in the world, may be the abolition of the trade sector will be lost. .Recently, several waves of layoffs and the United States is different is that this wave will have a large number of senior executives were forced to leave. .</ P> <P> according to Bloomberg data, Citigroup said that layoffs last year, the scale is also the best among the industry department. .Others, such as UBS, Lehman Brothers and Merrill Lynch and other prominent financial firms announced 5,000 job cuts over the spectrum. .</ P> <P> Citibank in the past two quarters has been a loss of 150 billion U.S. dollars, will the new season is expected to announce losses of billions of dollars, CEO Pandit is eager to reduce operating costs and sell off assets in order to get out of trouble .. .</ P>.