ROKU - Goldman Sachs Set to Trim Workforce After Earlier 3.2K Layoffs | Benzinga
Goldman Sachs Group, Inc (NYSE: GS) is gearing up for another round of job cuts, targeting employees considered low performers, with the action expected to occur by October. The move is a part of the firm's ongoing push to reduce costs by $1 billion.
This annual move typically reduces 1% - 5% of the company's workforce, focusing on core investment banking and trading divisions.
Goldman aims to stay on the lower end of that range, focusing on parts of its core investment banking and trading divisions.