Goldman Sachs is anticipating to slash up to 6.5% of it’s 49,100 employees, 8% below the reported last month, this week as Wall street girds brace for what is expected to be a tough year, according to CNBC.
According to the report, the global investment bank is letting go of as many as 3,200 employees starting Wednesday. It amounts to 6.5% of the 49,100 employees Goldman Sachs reported back in October 2022 (via Bloomberg).
Despite the layoffs, the company is still moving forward with plans to hire junior bankers and in other areas as needed, per the report.
