business / news / / The Indian Express
Goldman Sachs Group will start cutting thousands of jobs across the firm from Wednesday.
Goldman Sachs will cut just over 3,000 jobs starting Wednesday, sources said.
KEY POINTS
- 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
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