Goldman Sachs Group Inc. (GS) plans to cut up to 1,800 jobs, which accounts for roughly 3% to 4% of its workforce. This decision comes after the bank's annual performance review, according to a report by the Wall Street Journal.
The reductions might affect as few as 1,300 employees but could increase by an additional 500 positions. This estimate is based on the company's total headcount of 45,300 at the end of 2023, as per sources familiar with the matter.
