Goldman Sachs to lay off over 1,300 employees in annual workforce review: Report

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Goldman Sachs

Goldman Sachs is set to reduce its global workforce by over 1,300 employees as part of its annual review process to eliminate low performers, according to a report by the Wall Street Journal on Friday, citing sources familiar with the situation. The report indicates that the bank is expected to cut between 3% and 4% of its employees across different divisions, with the layoffs already underway and continuing through the fall.

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