Goldman Sachs CEO David Solomon is set to cut over 1,300 jobs as part of the bank’s ongoing review to eliminate poor performers, according to a report by the Wall Street Journal. This move will impact between 3% and 4% of Goldman’s 45,000 employees, under the bank’s annual “strategic resource assessment.”
The layoffs, which have already begun, will continue through the fall. Despite the cuts, Goldman’s headcount is expected to be higher at the end of 2024 than it was last year.
