Goldman Sachs is embarking on one of its biggest round of job cuts ever as it locks in on a plan to eliminate about 3,200 positions this week, with the bank’s leadership going deeper than rivals to shed jobs, Bloomberg’s Sridhar Natarajan reports. The company is expected to start the process mid-week and the total number of people affected will not exceed 3,200, according to a person familiar with the matter. See Insiders’ Hot Stocks on TipRanks >>
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Read More on GS:
- Goldman Sachs to Layoff 3,200 Employees
- Goldman Sachs price target lowered to $356 from $384 at Morgan Stanley
- Goldman Sachs price target lowered to $345 from $370 at Deutsche Bank
- Goldman Sachs downgraded to Peer Perform from Outperform at Wolfe Research
- Goldman Sachs’ DTC unit head steps down from role, Reuters says