Goldman Sachs Gears Up For Yet Another Round Of Headcount Reduction: Report

  • Goldman Sachs Group Inc GS is reportedly geared up for another round of headcount reduction.
  • The New York-based bank will cut fewer than 250 jobs in the coming weeks, reported CNBC.
  • The report, citing a person familiar with the bank's plans, noted that the job cut would impact managing directors and some partners.
  • This marks the third round of job cuts since September 2022, when GS cut about 500 jobs amid a slower deal-making period
  • Also, in January this year, the bank eliminated around 3,200 positions.
  • Also ReadGoldman Sachs' Woes Doesn't End, Women Employees Discrimination Lawsuit Costs $215M
  • Last month, Goldman Sachs reported mixed Q1 financial results, with net revenues of $12.22 billion missing the consensus of $12.79 billion and EPS of $8.79 exceeding the consensus estimate of $8.10.
  • Price Action: GS shares are trading lower by 0.60% at $326.36 premarket on the last check Wednesday.
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