Categories: Economy

Giant company lays off thousands of employees

Goldman Sachs plans to lay off nearly 4,000 jobs

According to news from the US news site Semafor, managers across the bank were asked to identify underperformers.

Goldman Sachs is reported to be planning to lay off nearly 4,000 employees to meet its profitability targets, and this could lead to up to an 8 percent cut in the workforce early next year.

In the news that Goldman Sachs CEO David Solomon missed a return target set in February, the bank reportedly posted losses with its retail banking firm Marcus.

In the news, it has been claimed that the size of Goldman Sachs’ planned layoffs is far larger than other Wall Street companies such as Citigroup, which laid off many employees during the market downturn, and Barclays, which laid off about 200 people. .

The number of employees at Goldman Sachs, which hired many people during the epidemic period, reached 49,000 as of the third quarter of this year. (AA)

Source: Sozcu

Andrew

Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.