Goldman Sachs to lay off about 3,200 employees
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Already this Wednesday, January 11, Goldman Sachs Group will hold one of the largest rounds of cuts. According to agency sources Bloomberg, the financial company intends to cut a total of about 3,200 employees. About these plans, but without specifying specific figures, agency sources Reuters reported in mid-December.
According to Bloomberg, citing its sources, two-thirds of the cut employees work in key divisions, including investment banking. Employees of departments whose work is not related to direct contact with clients and customers will also be among those laid off.
Since the end of 2018, the staff of Goldman Sachs has grown by 34%, and, as of the end of September 2022, the company employed more than 49 thousand people. However, the slowdown in business in various areas and the uncertainty of forecasts for markets and the economy are forcing the bank to look for opportunities to reduce costs, Bloomberg notes. In mid-January, the bank must report on the payment of annual bonuses. They are expected to be lower than last year by about 40%. Goldman Sachs itself declined to comment on Bloomberg’s information about the upcoming cuts.
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