Goldman CEO warns staff layoffs coming next month, Bloomberg reports

Goldman Sachs CEO David Solomon is quoted by Bloomberg as having said in his traditional year-end message to staff: "We are conducting a careful review and while discussions are still ongoing, we anticipate our headcount reduction will take place in the first half of January. There are a variety of factors impacting the business landscape, including tightening monetary conditions that are slowing down economic activity. For our leadership team, the focus is on preparing the firm to weather these headwinds." A spokesperson for the company declined to comment, but people with knowledge of the matter said earlier this month that the firm may seek to eliminate as much as 8% of its workforce, or up to 4,000 jobs, the report added. Reference Link