Goldman Sachs Group Inc goals to chop not less than just a few hundred extra jobs, Bloomberg Regulation reported on Monday, citing folks accustomed to the matter.
The financial institution is drafting plans that would eradicate not less than 400 positions from its loss-making retail banking operations, in response to the report.
Goldman Sachs didn’t instantly reply to a Reuters request for remark.
World banks, together with Morgan Stanley and Citigroup Inc, have lowered their workforce in latest months as a dealmaking increase on Wall Avenue has fizzled out as a consequence of excessive rates of interest and hovering inflation.
Reuters reported in September that Goldman Sachs deliberate to chop jobs after pausing the annual apply for 2 years in the course of the pandemic.