Goldman Sachs is putting together a plan to lay off employees, according to media reports, becoming one of the first major U.S. big banks to cut workers. Goldman Sachs (ticker: GS ), which could let go of employees as soon as next week, had paused its program of rightsizing the workforce during Covid-19; it would typically lay off 1% to 5% of its employees based on performance and other factors every year, according to the Times. Technology companies were the first to lay off employees. Read More...
Goldman Sachs is putting together a plan to lay off employees, according to media reports, becoming one of the first major U.S. big banks to cut workers. Goldman Sachs (ticker: GS ), which could let go of employees as soon as next week, had paused its program of rightsizing the workforce during Covid-19; it would typically lay off 1% to 5% of its employees based on performance and other factors every year, according to the Times. Technology companies were the first to lay off employees.
