The publication cited two people with knowledge of the matter who said the terminations will impact workers companywide.
A spokesperson for Goldman Sachs declined to comment on the report.
The news comes after the bank reported in July that investment-banking revenues had declined by about 41% from the same period the previous year and warned it was slowing hiring. At the time, the company’s chief financial officer, Denis Coleman, said Goldman Sachs will “probably” restart its annual employee performance reviews at the end of 2022.
In July, Goldman Sachs CEO David Solomon said the bank sees a 50% chance of recession in the next two years.
“We’re suggesting that the chance of recession is higher now than it’s been in quite some time, and everybody needs to be a little bit cautious,” Solomon said in an interview with CNBC.
Source: africa.businessinsider.com
