Goldman Sachs Plans to Cut Hundreds of Jobs

Wall Street Journal, Sept. 12, 2022–Charley Grant (subscription)
Goldman Sachs Group Inc. is preparing to lay off hundreds of staffers as soon as next week.The job cuts are part of the bank’s annual performance reviews that had been suspended during the pandemic, according to a person familiar with the matter. Goldman reinstated those reviews earlier this year following a slump in Wall Street deal-making activity. Goldman had 47,000 employees on staff at the end of June, up from 41,000 a year earlier.