Goldman Sachs firing workers in US so it can hire 1000 in Singapore?

Goldman Sachs is going to fire employees in the U.S. and some other countries so that it can hire 1,000 in Singapore, where it's cheaper.

Charlie Gasparino heard the news from people who were briefed on the hiring in Washington. He says Goldman gave Washington the heads up because hiring offshore is likely to cause a backlash.

He didn't give a specific timeline, or say which units would be hit, but here's what's going to happen, according to Gasparino: More...

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