business / news / / Yahoo Canada Finance
Goldman Sachs Group will start cutting thousands of jobs across the firm from Wednesday.
Goldman Sachs will begin laying off over 3,000 employees starting Wednesday.
KEY POINTS
- 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
Summarized by Newsio from Yahoo Canada Finance. How we summarize →