Goldman Sachs saw a 17% increase in net revenues in the second quarter of the year, but the firm did not respond by increasing its workforce. Instead, they cut 100 more jobs, adding to the 1,000 positions that have already been eliminated since January. The firm seems to be targeting its platform services division for ongoing reductions due to a $147 million loss. While global banking and markets saw an 18% rise in earnings, some areas within the division underperformed in comparison to competitors like JPMorgan and Citi. Despite the job cuts, Goldman is increasing compensation for its staff, with average pay rising from $173k to $199k in the first six months of the year. The firm's financing operation is performing well, with equities financing earning the second-highest revenues ever and fixed income financing seeing a 34% increase in the first half of the year. Overall, while revenues are up, Goldman Sachs continues to streamline its operations and focus on profitability.