Goldman Sachs plans to cut more than 1,300 jobs globally

According to news from this site on September 2, the Wall Street Journal reported on August 30, citing people familiar with the matter, that Goldman Sachs Group plans to cut 3% to 4% of its workforce globally, or 1,300 to 1,800 people. Typically, Goldman Sachs cuts 2% to 7% of its workforce each year based on various performance factors, with the specific layoff percentage fluctuating based on market conditions and the company's financial outlook, the report said. This site noted that a person familiar with the matter also told Reuters on August 30 that Goldman Sachs is planning to cut hundreds of jobs as part of an annual review process for poor performers. A Goldman Sachs spokesman said in a statement to Reuters: "Our annual talent review is normal, standard and customary, but otherwise unremarkable. We expect to have more people working at Goldman Sachs in 2024 than in 2023 Year. "

▲ Goldman Sachs Group Headquarters, picture source Pixabay

The Goldman Sachs Group, Inc. is an American multinational investment bank. and financial services company, headquartered in Manhattan, New York City. Goldman Sachs Group provides:

Investment Management
Securities
Asset Management
Prime Brokerage
Securities Underwriting

Goldman Sachs Group is one of the largest investment institutions in the world. It is:

Treasury bond primary dealer of U.S. Treasury securities
A well-known market maker in the usual sense

Goldman Sachs Group also owns a direct selling bank - Goldman Sachs Bank of America Bank USA).

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