Goldman Sachs Prepares Another Round of Job Cuts, FT Reports
September 07 2023 - 08:48PM
Dow Jones News
--Goldman Sachs is readying a fresh stint of performance-based
layoffs that could start as early as late October, the Financial
Times reports, citing unnamed sources
--According to the FT, a cull of those deemed to be the bottom
performers typically means that the bank would be reducing its
total headcount by between 1% and 5%.
--The sources said that Goldman is aiming for cuts in the lower
end of that range at some parts of its core investment banking and
trading businesses, the FT report said.
Full story: bit.ly/45Fw2qB
Write to Singapore Editors at singaporeeditors@dowjones.com
(END) Dow Jones Newswires
September 07, 2023 20:33 ET (00:33 GMT)
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