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Goldman Sachs to cut up to 3,200 jobs starting midweek: report

January 9, 2023


Goldman declined to comment on the reported cuts, but a source within the bank confirmed to Banking Dive the round of cuts will not exceed 3,200.

That figure is lower than the 4,000-employee ceiling Semafor and other news outlets reported in December. Managers across the bank reportedly had been asked to identify low performers for a cull that could cut loose as much as 8% of its staff. Goldman said as early as July that it would slow hiring and reinstate annual reviews in perhaps the first indicator that layoffs were coming.

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