Goldman Sachs CEO Warns More Job Losses

Wochit Business 2020-06-24

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Reuters / Shannon Stapleton David Solomon, CEO of Goldman Sachs, says the US economy still has jobs to shed. The comments come after May unemployment figures showed a slight uptick in employment after mass layoffs due to the coronavirus. "All businesses are learning and seeing ways where there are efficiencies," he said, speaking of companies broadly and not just banks. Visit Business Insider's homepage for more stories The May jobs report was a bright spot for the United States as it struggles with the ongoing coronavirus outbreak, but the head of one of the largest Wall Street banks says the job losses may not yet be over.

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