Goldman Sachs Group Inc is expected to cut fewer than 250 jobs in the coming weeks as a sluggish market for deals weighs on investment banking, a source familiar with the matter said.
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photois expected to cut fewer than 250 jobs in the coming weeks as a sluggish market for deals weighs on investment banking, a source familiar with the matter said.
The departures could be spread across seniority levels and include partners and managing directors, the source said. The layoffs were reported earlier by the Wall Street Journal. Goldman had 45,400 employees at the end of March.in its biggest round of layoffs since the 2008 financial crisis. It also cut about 500 jobs last year.
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