Report: Goldman Sachs to Reduce Staff by Up to 5% in Annual Review
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Goldman Sachs plans to cut 3% to 5% of its workforce, amounting to approximately 1,395 jobs, as part of its annual review process. This reduction is larger than the previous one in September.
March 04, 2025 | 11:00 pm
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Goldman Sachs is set to reduce its workforce by 3% to 5%, which translates to about 1,395 jobs, as part of its annual review. This is a larger cut than the previous one in September.
The announcement of job cuts at Goldman Sachs could lead to a negative short-term impact on its stock price as it may signal cost-cutting measures due to potential financial challenges. The larger reduction compared to the previous review could amplify investor concerns.
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