Goldman Sachs aims for 3% to 5% staff reduction in spring review - Reuters

Published 04/03/2025, 20:24
© Reuters

Investing.com -- Goldman Sachs is planning to cut between 3% to 5% of its staff as part of a performance-related review set to take place in the spring, according to Reuters, citing an inside source.

This comes after the Wall Street firm carried out a similar review in September, which resulted in a minor reduction in their workforce. A representative from the bank did not provide specific details about the process but stated that, like other financial institutions, this is a standard part of their annual talent management procedure.

The bank’s CEO, David Solomon, has reportedly informed senior executives that the firm has over-recruited vice presidents in recent years, according to The Wall Street Journal. Therefore, the company is preparing for a round of layoffs targeting this group.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.