Thursday, January 26, 2023

Goldman Sachs readies biggest layoffs since the financial crisis | Reuters

Goldman Sachs readies biggest layoffs since the financial crisis | Reuters

Goldman Sachs readies biggest layoffs since the financial crisis

Jan 9 (Reuters) - Goldman Sachs Group (GS.N) will start cutting thousands of jobs across the firm from Wednesday, two sources familiar with the move said, as it prepares for a tough economic environment.

Just over 3,000 employees will be let go, one of the sources said, but the final number is yet to be determined. That scale of layoffs would be the largest since the 2008 financial crisis, one of the sources said.

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