Investing
Goldman to Cut Hundreds More Jobs as Consumer Unit Scaled Back
- Reductions to hit consumer banking as firm reverses expansion
- Goldman will also stop originating unsecured consumer loans
WATCH: Goldman Sachs will cut a few hundred more jobs.
Source: BloombergThis article is for subscribers only.
Goldman Sachs Group Inc. aims to cut at least a few hundred more jobs as the Wall Street titan restructures its struggling consumer business and braces for an uncertain economy in the year ahead.
The bank is drafting plans that could eliminate at least 400 positions from its loss-making retail banking operations, according to people familiar with the matter.