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Wall Street Eyes More Job Cuts After Headcount Swells in 2020

  • Big banks ramp up job cuts as CEOs feel stock pressure
  • ‘Lot of this talk about employee anxiety is virtue-signaling’
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Goldman Sachs Plans New Round of Job Cuts
Updated on

The days of job security on Wall Street were short-lived.

Goldman Sachs Group Inc.’s second round of several hundred firings in the course of three months is another sign that the pandemic pause on layoffs just kicked the cost-cutting can down the road. The bank and its biggest rivals have started to trim small numbers, but 2021 is expected to bring deeper cuts.