Goldman Sachs is weighing potential layoffs of up to 8% of its workforce in the new year as the economy continues to pose headwinds, a source familiar with the matter said.
The investment bank plans to lay off several thousand employees, The Wall Street Journal reported.
Goldman Sachs Group Inc. GS, -1.32% is preparing to reduce its head count by up to 8% by January, according to a source familiar with the investment bank. Based on Goldman's disclosed employee count o
Goldman Sachs Group Inc. may eliminate as many as 4,000 jobs, or roughly 8% of the workforce, as Chief Executive Officer David Solomon battles to contain a slump in profit and revenue. The bank has
CNBC's Hugh Son joins 'Squawk on the Street' to discuss why Goldman Sachs is planning additional labor cuts. The January layoffs will impact every division of the bank.
The cuts could affect 8% of Goldman Sachs employees.
Yahoo Finance Live anchors Brad Smith breaks down reports that Goldman Sachs will cut up to 8% of its workforce in 2023.
Goldman Sachs joined several other firms in plotting layoffs as economic conditions worsen.

Goldman Sachs to cut 4,000 employees, report

09:44am, Friday, 16'th Dec 2022
Goldman Sachs (NYSE:GS) (Goldman Sachs (NYSE:GS)) plans to cut 4,000 employees as the bank struggles to make profitability targets, according to a report today. Faced with missing profitability goals,
The planning is ongoing, and the round could be smaller than that, according to the person, who declined to be identified speaking about personnel decisions.
Goldman Sachs Group Inc. plans to cut as many as 4,000 jobs, Semafor reported. The cuts may amount to up to 8% of the bank's workforce.
Computer investors beware: 2023 could be rough.

Stock Market News for Dec 15, 2022

02:32pm, Thursday, 15'th Dec 2022 Zacks Investment Research
U.S. stocks ended lower on Wednesday in a volatile trading session as the Fed hiked interest rates by 50 basis points but signaled more rate hikes in the coming months.

Why QuantumScape Stock Plunged to All-Time Lows Today

04:17pm, Wednesday, 14'th Dec 2022 The Motley Fool
More analysts are turning sour about the EV battery start-up's prospects in the near term.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE