Goldman Sachs is weighing potential layoffs of up to 8% of its workforce in the new year as the economy continues to pose headwinds, a source familiar with the matter said.
Goldman Sachs is planning to cut thousands of employees, as the titan deals with the ramifications of an aggressive hiring spree that began two years ago.
NEW YORK (Reuters)—Goldman Sachs Group Inc is planning to cut a couple of thousand employees to navigate a difficult economic environment, a source familiar with the move said.
The planning is ongoing, and the round could be smaller than that, according to the person, who declined to be identified speaking about personnel decisions.
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Goldman Sachs Reportedly Plans Laying Off Up To 4,000 Employees | Since Then
