Goldman Sachs Set to Cut as Many as 4,000 Workers, Semafor Says
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Goldman Sachs Group Inc. plans to cut as many as 4,000 jobs as it struggles to reach profitability targets, Semafor reported.
The cuts may amount to up to 8% of the bank’s workforce, Semafor reported, citing unnamed people familiar with the matter. Managers have been asked to identify low performers, but no final list has been drawn up, the news outlet reported.