Goldman Sachs will start laying off thousands of workers on Wednesday, according to reports, as the bank braces for a difficult year in 2023.
on Sunday said around 3,200 staff would lose their jobs, though the firm has yet to confirm the total scale of the cutbacks.
A source told Reuters that the headcount reduction would probably affect most major divisions of Goldman but should center on the firm’s investment banking division. The company had over 49,000 staff at the end of third quarter of the 2022 after a hiring spree throughout the pandemic. Last month, CEO David Solomon warned in his annual year-end memo that mass layoffs would be on the way in January.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
40 best stocks to buy with high upside in 2023: Goldman SachsGoldman Sachs: These 40 stocks have at least 34% upside right now while the rest of the market struggles for gains in 2023
Read more »
Goldman Sachs to start cutting thousands of jobs midweekGoldman Sachs Group will start cutting thousands of jobs across the firm from Wednesday, two sources familiar with the move said, as it prepares for a tough economic environment.
Read more »
US NFP: Encouraging for a soft landing – Goldman SachsIn a recent interview with CNBC, Goldman Sachs Chief Economist Jan Hatzius offered his take on Friday’s United States Nonfarm Payrolls data. Also read
Read more »
Goldman Sachs may cut 3,200 jobs: reportGoldman Sachs Group Inc. is set to begin a large round of staff layoffs this week, cutting as many as 3,200 jobs, according to a report on Monday from...
Read more »
Goldman Sachs reveals the stocks set to benefit from an EV boom, giving one over 100% upsideGoldman Sachs gives one battery stock potential upside of over 100%, as investors reassess the autos sector.
Read more »