A sign of the declining expectations for growth in the industry.
The New York Times reports that now, nearly six years later, the glass-walled sixth floor — stretching much of a city block — has become something of a ghost town, all but empty save for a few still-occupied offices. Goldman’s trimmed-down trading operations are now consolidated on two floors instead of three.
The emptying out of the sixth floor this year is a sign of the declining expectations for growth in a financial industry that is being challenged by new regulations and quickly changing technology that is making fewer traders necessary.
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