Goldman Sachs lays off thousands this week--Reuters

NEW YORK (Reuters) - "Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) notified roughly 3,200 employees this week that they have been laid off, part of previously reported plans to slash 10 percent of the firm's global work force amid slumping markets, people familiar with the situation said Wednesday.

• Goldman Sachs declined to comment.

Two weeks ago, Reuters reported Goldman planned to cut 10 percent of its staff, or almost 3,300 jobs, reflecting the weak economy.... The cuts are an about-face for a company that as recently as September insisted its headcount

• would rise this year....

Early this year, Goldman cut 1,500 people, or 5 percent of its staff, following 2007 performance reviews.

• Goldman converted last month to a bank holding company supervised by the Federal Reserve

• and then raised $10 billion from Berkshire Hathaway Inc.

These moves, together with a pending

• $10 billion investment by Treasury,

will create a more stable but less profitable company."

• Goldman Sachs is said to own about 40% of the YES Network.

• And recently put together a $100 million deal for concessions with the Yankees and Dallas Cowboys.

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