Goldman Sachs is preparing to announce another round of job cuts directed at investment bankers deemed to be underperforming, with the move coming as early as next month, FT’s Joshua Franklin, Arash Massoudi and Harriet Agnew report, citing people familiar with the matter. The cuts are said to be part of an annual exercise that results in 1%-5% of employees losing their jobs, though the bank is targeting a number that is closer to the lower end of that range, the report states.
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