Reuters: Goldman Sachs is preparing to cut several thousand employees
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Goldman Sachs Group plans to lay off several thousand employees in the difficult economic situation that is currently developing in the world. This is reported by the agency with reference to informed sources. Reuters.
At the end of the third quarter of this year, Goldman Sachs employed 49,100 people worldwide. During the pandemic, the company’s staff has grown significantly: at the end of 2019, it had 38,300 employees. According to Reuters sources, after the now planned reduction, the number of employees of the company will still be higher than it was before the pandemic. The cuts are expected to take place in January 2023 and affect the consumer business, and in addition, the bank intends to stop issuing unsecured consumer loans.
In September, Goldman Sachs already laid off about 500 employees. Other major banks, including Morgan Stanley and Citigroup, have also announced cuts in recent months.
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