Goldman Sachs Group Inc will lay off up to 4,000 people as the Wall Street bank struggles to meet profitability targets, news platform Semafor reported on Friday, citing people familiar with the matter.
will lay off up to 4,000 people as the Wall Street bank struggles to meet profitability targets, news platform Semafor reported on Friday, citing people familiar with the matter.
Managers across the firm have been asked to identify low performers for what could be a cut of up to 8% to its workforce early next year, the people said, with some cautioning that no final list has been drawn up, according to theThe bank said in September it was planning to cut jobs, after pausing the annual practice for two years during the pandemic, a source familiar with the matter told Reuters at the time.
Goldman's headcount swelled to over 49,000 at the end of September, up 14% from a year earlier. The investment bank had first warned in July it might slow hiring and cut expenses.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Goldman Sachs names Boeing its top aerospace stock, says orders should increase as air travel reboundsThe need for new, fuel-efficient aircraft to meet resurgent demand should benefit Boeing, Goldman says.
Les mer »
Goldman Sachs may slash bonuses for investment bankers by 40%: reportIf implemented, the cuts would be the steepest since the 2008 financial crisis.
Les mer »
Goldman Sachs downgrades Western Digital, says stock can tumble nearly 15% in memory industry downturnA looming downturn in the memory industry makes now a good time to sell shares of Western Digital, according to Goldman Sachs
Les mer »
BoE Preview: Bank will opt for further hikes in the first half of 2023 – Goldman SachsGurpreet Gill, Macro Strategist, Global Fixed Income, Goldman Sachs Asset Management, expresses his view on the likely Bank of England (BoE) monetary
Les mer »
Goldman Sachs names 3 'conviction list' stocks that could profit from their efforts to go greenGoldman Sachs reveals part of its conviction list — companies investing in sustainability that are showing 'attractive corporate returns.'
Les mer »
Buy this little-known and underappreciated biopharma stock with nearly 60% upside, Goldman Sachs saysInvestors should consider putting money in this pharmaceutical stock poised to rally as it offers more clarity on its epilepsy drug, Goldman Sachs says.
Les mer »