Goldman Sachs plans to lay off 4,000 jobs

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It has been reported that Goldman Sachs, one of the largest banks in the USA, plans to lay off nearly 4,000 employees in order to meet its profitability targets.

According to the news in the US-based news site Semafor, managers across the bank were asked to identify the underperformers. It was reported that Goldman Sachs plans to lay off nearly 4,000 employees in order to meet its profitability targets, and this could lead to a cut of up to 8 percent in the workforce early next year. In the news, which stated that Goldman Sachs Chief Executive Officer (CEO) David Solomon fell short of the profitability target set in February, it was informed that the bank made a loss with its retail banking venture Marcus. In the news, it was reported that the size of the layoffs planned by Goldman Sachs is much larger than other Wall Street companies such as Citigroup, which laid off many employees during the market downturn, and Barclays, which laid off about 200 people. The number of employees of Goldman Sachs, which hired many people during the epidemic period, reached 49 thousand as of the third quarter of this year.



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