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

*business · news · 2023-01-09 · Yahoo Canada Finance*

## Key points

- Goldman Sachs will begin laying off over 3,000 employees starting Wednesday.
- The investment banking division will be most affected by these layoffs.
- The job cuts follow a major slowdown in corporate deal activity.
- Goldman will also reduce hundreds of jobs in its loss-making consumer business.
- Job reductions are linked to scaled-back plans for the Marcus direct-to-consumer unit.

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

[Read the full story on Yahoo Canada Finance](https://ca.finance.yahoo.com/news/goldman-sachs-start-cutting-thousands-005631941.html)

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