Facing the axe: People walk through the lobby of the Goldman Sachs headquarters in Manhattan, New York City. The global investment bank says it plans on cutting up to 8% of its employees as world economies and markets continue to struggle with inflation. — AFP
NEW YORK: Goldman Sachs Group will begin laying off thousands of employees tomorrow, according to two sources familiar with the matter, as the firm prepares for a difficult economic environment.
The job cuts are expected to be just over 3,000, one of the sources said, but the final number is yet to be determined.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
