‘David’s Demolition Day’: Goldman Sachs Axes Thousands
View Source | January 11, 2023 6:20 pm
- Goldman Sachs is laying off fewer employees than feared, but the cut is still a deep one. The global investment bank let go of as many as 3,200 employees starting Wednesday, according to a person with knowledge of the firm’s plans.
- That amounts to 6.5% of the 49,100 employees Goldman had in October, which is below the 8% reported last month as the upper end of possible cuts.
- The final figure, reported earlier by Bloomberg, is a result of internal discussions between business heads and top management over the last month, said the person, who declined to be identified speaking about personnel decisions.
Continue to Article
Share This Article: