Goldman Sachs Prepares Biggest Layoffs Since 2008 Financial Crisis

Goldman Sachs Group will start cutting thousands of jobs across the firm from Wednesday, two sources familiar with the move said, as it prepares for a tough economic environment.

Just over 3,000 employees will be let go, one of the sources said, but the final number is yet to be determined. That scale of layoffs would be the largest since the 2008 financial crisis, one of the sources said.

The sources could not be named as the information was not yet disclosed publicly. Goldman Sachs declined to comment.

Bloomberg News reported on Sunday that Goldman would eliminate about 3,200 positions.- READ MORE

Related Articles

(PREMIUM) PAINE IN THE MORNING: What you need to know this Tuesday – January 10, 2023

Here’s what you need to know today, Tuesday – January 10, 2023. CDC Finally Releases VAERS Safety Monitoring Analyses For COVID Vaccines –Back in June 2022, the CDC replied to a Freedom of Information Act (FOIA) request for the safety signal monitoring of the Vaccine Adverse Events Reporting System (VAERS)—the one it had said it…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter​ or Monthly Supporter​ (DG).

PAINE IN THE MORNING: 8 things you need to know this Friday – June 11th 2021

Inflation Surges 5%, Largest Spike Since 2008 – The Consumer Price Index has increased 5% over the last 12 months, the fastest pace of inflation since August 2008, according to a Department of Labor report. The Consumer Price Index (CPI), a common tool used to measure inflation, increased 0.6% between April and May, according to…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter​ or Monthly Supporter​ (DG).

Responses