The fintech payments company has a long growth ramp ahead, but it added a bit of risk to the equation. Read More...
American City Business Journals
Goldman to lay off 4,000 employees
Goldman Sachs Group Inc. plans to lay off up to 4,000 employees, or about 8% of its workforce, The New York-based investment bank also plans to cut, and in some cases eliminate, the annual bonuses of underperforming employees, according to The Wall Street Journal, citing unnamed sources familiar with the matter. Despite the job cuts, the bank will still have more employees than it did before the pandemic, the newspaper said. Goldman (NYSE: GS) employed more than 49,000 in September, compared with 38,000 at the end of 2019.
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