FOX Business Network’s (FBN) Charlie Gasparino reported that Goldman Sachs is now in “a mode where instead of seeing a future where they can make profits for their business, their future right now is to basically cut costs” and that “major jobs will be on the line.” Charlie went on to say that according to senior executives at Goldman Sachs, “people are walking around Goldman scared to death about their jobs.”

On the major cost-cutting efforts taking place at Goldman Sachs:

“We are getting this from senior executives inside Goldman Sachs. What they say is that there is an ongoing, cost-cutting effort going on. That there will be another major round of layoffs. I don’t have the numbers but from what I’m getting this from, I’m getting this from senior bankers and traders,  they are saying that their jobs are clearly on the line. That the company is now in a sort of mode where instead of seeing a future where they can make profits for their business, their future right now is to basically cut cost and that major jobs will be on the line…Remember, all of Wall Street is in a drought right now…This is going to happen with other banks, but from what I hear, people are walking around Goldman scared to death about their jobs. That’s no doubt.”

Goldman Sachs