Goldman Sachs Expected To Affect 3%-4% Of Workforce With Over 1,300 Jobs Cut; Layoffs Part Of Annual Review Process
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs plans to cut over 1,300 jobs, affecting 3%-4% of its workforce as part of its annual review process. This move is part of the bank's regular performance evaluation and cost-cutting measures.
August 30, 2024 | 7:00 pm
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Goldman Sachs is set to lay off over 1,300 employees, affecting 3%-4% of its workforce. This is part of their annual review process aimed at cost-cutting and performance evaluation.
The job cuts at Goldman Sachs are significant, affecting a notable portion of its workforce. Such layoffs can lead to short-term negative sentiment among investors, potentially impacting the stock price negatively. However, as this is part of a regular review process, the long-term impact may be neutralized.
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