Stock market today: S&P 500 falls as government shutdown, trade jitters persist
Investing.com -- Goldman Sachs Group Inc. plans to implement another round of job cuts this year as part of its effort to achieve further cost savings across its operations.
The New York-based investment bank informed employees in a Tuesday morning memo that it would "constrain headcount growth through the end of the year" and is preparing for a "limited reduction in roles across the firm," according to the memo reviewed by Bloomberg News. The Wall Street Journal also reported on the cuts.
Despite these planned cuts, Goldman Sachs still expects to conclude 2025 with an overall increase in its workforce, according to Jennifer Zuccarelli, a spokesperson for the bank.
As of the end of September, Goldman Sachs employed 48,300 people, representing an increase of nearly 2,000 employees compared to the same period last year.
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