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Goldman Sachs Group Inc (NYSE: GS) is reportedly geared up for another round of headcount reduction. The New York-based bank will cut fewer than 250 jobs in the coming weeks, reported CNBC. The report, citing a person familiar with the bank’s plans, noted that the job cut would impact managing directors and some partners. This marks the third round of job cuts since September 2022, when GS cut about 500 jobs amid a slower deal-making period. Also, in January this year, the bank eliminated around 3,200 positions. Also Read: Goldman Sachs’ Woes Doesn’t End, Women Employees Discrimination Lawsuit Costs $215M Last month, Goldman Sachs reported mixed Q1 financial results, with net revenues of $12.22 billion missing the consensus of $12.79 billion and EPS of $8.79 exceeding the consensus estimate of $8.10. Price Action: GS shares are trading lower by 0.60% at $326.36 premarket on the last check Wednesday.
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This article Goldman Sachs Gears Up For Yet Another Round Of Headcount Reduction: Report originally appeared on Benzinga.com.
Source: msn.com
