Goldman Sachs to go ahead with ‘modest’ job cuts after coronavirus pause – Reuters India

(Adds Goldman’s comment, shares, background)Sept 30 (Reuters) – Goldman Sachs Group Inc plans to move forward with “a modest number of layoffs”, a company spokesperson said on Wednesday, months after the Wall Street bank paused job cuts due to the COVID-19 pandemic.Bloomberg News, which first reported about the layoffs, said the bank was looking to…

Goldman Sachs to go ahead with ‘modest’ job cuts after coronavirus pause – Reuters India

(Adds Goldman’s comment, shares, background)Sept 30 (Reuters) – Goldman Sachs Group Inc plans to move forward with “a modest number of layoffs”, a company spokesperson said on Wednesday, months after the Wall Street bank paused job cuts due to the COVID-19 pandemic.Bloomberg News, which first reported about the layoffs, said the bank was looking to cut about 400 jobs, or roughly 1% of its workforce, citing people familiar with the matter.“At the outbreak of the pandemic, the firm announced that it would suspend any job reductions. The firm has made a decision to move forward with a modest nu
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