# Goldman Sachs Group will start cutting thousands of jobs across the firm from Wednesday.

*business · news · 2023-01-09 · The Indian Express*

## Key points

- Goldman Sachs will cut just over 3,000 jobs starting Wednesday, sources said.
- Layoffs will mainly impact the investment banking division and the loss-making consumer business.
- Marcus, Goldman’s direct-to-consumer unit, faces significant job reductions after scaling back operations.
- Job cuts are occurring before annual bonuses, which are expected to be down about 40%.

**Companies:** Goldman Sachs Group
**Countries:** United States

[Read the full story on The Indian Express](https://indianexpress.com/article/business/goldman-sachs-cut-thousands-jobs-midweek-8370589/)

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