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Goldman planning to cut hundreds in retail banking, Bloomberg says

Goldman Sachs is seeking to cut at least a few hundred more jobs as it restructures its consumer business and prepares for an uncertain economy in 2023, Sridhar Natarajan of Bloomberg reports, citing people familiar with the matter. Goldman is drafting plans that could eliminate at least 400 positions from its loss-making retail banking operations, sources told Bloomberg. The job cut cuts show the bank is moving beyond its annual exercise of weeding out underperforming staff, according to Natarajan.

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