Goldman Sachs issues grim job warning as FedEx axes 856 in Texas

The U.S. layoff machine is slowly speeding up, and Wall Street is beginning to notice. Goldman Sachs is warning that there are "growing signs of weakness" in the U.S. employment market. Goldman Sachs analysts said that job losses may be rising, even while official statistics seem steady. Goldman economists Manuel Abecasis and Pierfrancesco Mei weighed in. Their statements come as FedEx says it will lay off 856 people at a key logistics center in Coppell, Texas. The firm said the decision was due to a cu ...