Goldman Sachs Set to Fire More Than 1,300 Employees, WSJ Reports
. . .The Goldman Sachs CEO will slash more than 1,300 jobs as part of the bank’s ongoing review to cull poor performers, the Wall Street Journal reported on Friday
Goldman’s cuts will affect between 3% and 4% of Goldman’s 45,000-strong workforce, the Journal added, citing people familiar with the matter.
The layoffs have already started and will continue through the fall, according to the Journal, under the bank’s annual review process known as “strategic resource assessment.”
“Our annual talent reviews are normal, standard, and customary, but otherwise unremarkable,” Tony Fratto, a Goldman spokesman, told the newspaper.
He added that headcount would be higher at the end of 2024, compared to the end of last year. (Read more from “Goldman Sachs Set to Fire More Than 1,300 Employees, WSJ Reports” HERE)
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