Trending
- How transition finance can catalyse Africa’s green industrial revolution
- Stanbic PMI Report: Mixed performance as Kenya’s agriculture, construction offset manufacturing decline
- Uganda’s land management gets a tech makeover to boost transparency
- Nigeria’s output dips fastest in 19 months on a sharp rise in costs
- Apple faces growing backlash over Congo exploitation
- Why East Africa is staring at higher wheat prices in 2025
- Nairobi Gate SEZ pumps $7 million into Kenya’s agro-processing industry
- What impact will the US election have on Africa?
Browsing: impact of recession on investments
- American investment bank Goldman Sachs plans to lay off 3,200 employees this week
- Goldman Sachs typically trims about one to five per cent of its employees each year and targets underperforming staff
- The upcoming trim is expected to be deeper than usual in light of the uncertain economic outlook
- Major U.S. banks, manufacturers and tech companies announced significant corporate layoffs in 2022, amid high inflation, and five rounds of interest rate hikes sparked fears of a recession
New data has revealed that American investment bank Goldman Sachs plans to lay off thousands of employees this week.
Multiple sources, including Capital FM, reported that Goldman Sachs would lay off 3,200 people, down from the expected 4,000 revealed in December 2022.
Quoting AFP, the news outlet noted that the American firm typically trims about one to five per cent of its employees each year and targets underperforming staff.
Why Goldman Sachs is
…
- More than half of some of the world’s wealthiest individuals are managing their wealth and making changes to their investment strategies, given current economic challenges, including inflation
- In response to rising global inflation, two-thirds of investors are changing their investment strategies, with some spending less while others have made new decisions around their portfolios
- Gold continues to be of high interest, with 2 in 5 saying they have invested as a result of inflation, and there is interest in bonds at a lower 22% to combat inflation
A new survey has indicated that more than half of some of the world’s wealthiest individuals are managing their wealth and making changes to their investment strategies, given current economic challenges, including inflation.
The Standard Chartered’s Wealth Expectancy Report 2022 reveals a shift in investor decisions for over 15,000 emerging affluent, affluent, and high net worth (HNW) investors in 14 markets.
The results …