$2.55 trillion asset manager Goldman Sachs is seeing a strong reason to expand its digital assets team “as appropriate” this year, despite the wider firm cutting 3,200 jobs last month.
Goldman Sachs’ digital assets unit is reportedly open to bolstering its 70-strong team, despite a massive cost-cutting exercise at the firm last month that will see 3,200 employees clear their desks.the bank remains “hugely supportive” of exploring blockchain applications and that the digital asset division will hire “as appropriate” this year.to Bloomberg last week, noting that the digital assets team has grown from just four staff members in 2020 to around 70 today.
The cuts have reportedly impacted senior, middle and junior-level executives and concentrated on its core trading and banking unitsIn a presentation during Goldman Sachs' 2023 Investor Day in New York, CFO Denis Coleman reportedly
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