03:30 PM EDT, 08/30/2024 (MT Newswires) -- Goldman Sachs ( GS ) is set to lay off between 3% to 4% of its global workforce following its yearly performance reviews, with the investment bank likely to cut more than 1,300 employees as part of its regular process to replace low-performance workers, The Wall Street Journal reported Friday, citing people familiar with the matter.
The reductions are slated to occur at various divisions within Goldman, according to the report.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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