Goldman, Sachs & Co. officials continued yesterday that several executives in its municipal bond department have been laid off as the slowdown in volume continues to take its toll on the industry.

David C. Clapp, a general partner at Goldman, said that "selective layoffs" have been made in various divisions of the municipal bond department.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.