Investing
Goldman to Cut Several Hundred Jobs Starting This Month
- Wall Street titan resumes annual cull of low-performing staff
- Reductions reflect changing revenue fortunes in the industry
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Goldman Sachs Group Inc. is embarking on its biggest round of jobs cuts since the start of the pandemic.
The Wall Street titan plans to eliminate several hundred roles starting this month, according to people with knowledge of the matter. While the total number is less than some previous rounds, the reductions are a resumption of Goldman’s annual culling cycle that it had largely paused during the pandemic.