Top
image credit: Adobe Stock

Goldman planning another round of job cuts amid chill in banking

May 30, 2023

Category:

Goldman Sachs is considering another round of job cuts amid a muted dealmaking environment that has dented revenues across Wall Street.

The investment bank is working on what would be its third round of job cuts in under a year, according to people with knowledge of the plans. The firm eliminated several hundred jobs in September, followed by a much bigger round of cuts at the start of this year. The moves this time are expected to affect less than 250 people and will include more-senior employees at the firm, one of the people said, asking not to be named discussing private matters.

Read More on American Banker