Goldman Sachs employed 49,100 people worldwide at the end of the third quarter of this year. During the pandemic, the company expanded significantly, with 38,300 employees at the end of 2019.
According to Reuters, even after the planned layoffs, the company will still have more employees than it did before the pandemic. The cuts are scheduled to take effect in January 2023 and will affect the consumer business; additionally, the bank plans to discontinue issuing unsecured consumer loans.
In September, Goldman Sachs laid off approximately 500 employees. In recent months, other major banks, including Morgan Stanley and Citigroup, have announced similar measures.
source: reuters.com
