Or roughly one in ten employees
This according to a report by the Wall St Journal, citing people familiar with internal bank discussions. The cuts are said to likely extend into 2019.
The firm has been touted to move forth with cost-cutting measures recently and continues to struggle with shares having hit its lowest point in more than a year.
The report here comes just after news that the firm is set to exit from a number of key equity markets across the globe - a rumour that has been going about since last month. It is said that they will sharply scale back their presence in the US, and has already started cutting down on activities in Central Europe, the Middle East, and Africa.
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