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Goldman Plans New Round of Job Cuts as Pandemic Pause Ends

  • Goldman leaders move ahead with reductions in quick succession
  • After pandemic moratorium, bank returns focus to cutting costs
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Goldman Sachs Plans New Round of Job Cuts
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Goldman Sachs Group Inc. is preparing to trim its workforce for the second time in just three months, as a moratorium on firings during the pandemic gives way to a push to improve efficiency.

This round isn’t expected to exceed the roughly 400 positions the bank began eliminating in September, according to people with knowledge of the matter. But executives anticipate going deeper in the coming year, in what could eventually amount to one of the most significant staff reductions at the bank as it looks to deliver on a promise to rein in costs.