EXCLUSIVE: Employees likely to be laid off in annual culling were given hints in the form of small bonuses.

Employees likely to be laid off in the annual culling were given hints in the form of small bonuses.

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Employees likely to be laid off in annual culling were given hints in the form of small bonuses.

Finance

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Goldman Sachs

 is preparing its annual round of layoffs, this time with a focus on its vice presidents.

 has told senior executives that the firm hired too many vice presidents in recent years in relation to its overall hiring, according to people familiar with the matter. The cuts are intended to improve the firm’s efficiency, which Solomon has made a priority.

Goldman Sachs to Target Vice Presidents in Next Round of Cuts

Employees likely to be laid off in annual culling were given hints in the form of small bonuses

AnnaMaria Andriotis

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David Solomon

Banking

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Schroders boss takes axe to costs with £150m savings target

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Jeremy Dennison is re-joining the UK law firm

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Find out who is on the move in the City and beyond this week

PwC UK senior partner hopeful Marissa Thomas exits partnership

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Thomas was overlooked for a spot on new senior partner Marco Amitrano’s management team

The fund took two years to build and will be active in North America, Europe and Australia.

Blackstone Raises Largest Commercial Property Debt Fund With $8 Billion Haul

The U.S.’s threat to withdraw support for Ukraine has heightened pressure on European countries to formally seize the funds and use them to help Kyiv.

Why Ukraine’s Allies Are Divided Over Using $300 Billion in Russian Assets

Sycamore’s deal to take Walgreens private follows the storied chain’s decline amid e-commerce and health-industry changes.

Walgreens Goes From $100 Billion Health Giant to Private-Equity Salvage Project

The deal puts U.S. firms in control of two ports that President Trump raised as a security concern because of their connection to China. 

By Costas Paris, Jack Pitcher and James T. Areddy

BlackRock Strikes Deal for Panama Ports After U.S. Pressure

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