Goldman Sachs to Reduce Global Workforce by 3%-4% Amid Market Adjustments
Friday, 30 August 2024, 19:35
Goldman Sachs Implements Workforce Reductions
Goldman Sachs plans to cut between 3%-4% of its global workforce, corresponding to 1,300-1,800 positions. This decision is part of an annual performance review process intended to remove underperforming employees while also aligning with shifting market conditions.
Performance Review Services
- Focus on optimizing overall performance.
- Adjusting strategies based on market dynamics.
- Streamlining operations to remain competitive.
This strategic move highlights Goldman Sachs' aim to remain agile in today’s competitive financial environment. By reducing its headcount, the bank hopes to increase efficiency and ensure that it is only retaining top talent.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.