As flagged in late May, Goldman Sachs is indeed trimming some managing directors. 125 of them are going, meaning they account for half the current round of 250 cuts.
One MD who left the firm earlier this year says the new round of MD-focused layoffs is unsurprising.
"The 4k cuts in January needed some MDs to help coordinate them," he tells us. "Now they're just cleaning up loose ends by taking out a bunch of MDs who should have gone in January but who were needed to help orchestrate the January cuts..."