News: Goldman Sachs reportedly plans to lay off over 1,300 employees globally
News has it that Goldman Sachs plans to lay off more than 1,300 employees globally, with a layoff rate of 3% to 4%. Goldman Sachs typically reduces its total staff by 2% to 7% annually. Insiders mentioned that this layoff is part of the annual review process. Despite the layoffs, Goldman Sachs expects its staff numbers to exceed those of 2023 by 2024. Goldman Sachs Group is one of the world's largest investment institutions, offering a variety of financial services
On September 2nd, IT Home reported that, according to sources cited by the American Wall Street Journal on August 30th, Goldman Sachs Group of the United States plans to globally cut 3% to 4% of its workforce, which is equivalent to 1300 to 1800 people.
The report mentioned that typically, Goldman Sachs reduces its total number of employees by 2% to 7% annually based on various performance factors, with the specific layoff ratio fluctuating according to market conditions and the company's financial outlook.
IT Home noted that on August 30th, an insider also told Reuters that Goldman Sachs is planning to lay off hundreds of people as part of its annual review process for underperformers.
A spokesperson for Goldman Sachs stated in a declaration to Reuters, "Our annual talent assessment is normal, standard, and routine, but not noteworthy in other respects. We expect the number of people working at Goldman Sachs in 2024 to exceed that in 2023."
The Goldman Sachs Group, Inc. is a U.S.-based multinational investment bank and financial services company headquartered in Manhattan, New York City. The Goldman Sachs Group offers services such as investment management, securities, asset management, primary brokerage, and securities underwriting. It is one of the largest investment institutions globally, serving as a primary dealer of U.S. Treasury securities and a well-known market maker. The Goldman Sachs Group also owns an online bank - Goldman Sachs Bank USA
