Goldman Sachs is going to begin the biggest job cuts in its

Last December, the news broke that one of the largest investment banks in the world, the American Goldman Sachs , planned to dismiss nearly 4,000 employees in 2023 . 8% of its 49,000 workers worldwide. However (and as reported by NDTV Profit ), it seems that this figure will ultimately be significantly lower. The Goldman Sachs group would have launched this week a workforce reduction plan through which it plans to eliminate some 3,200 jobs , in which it would also continue to be the largest collective layoff in its history . As indicated by a person related to this matter to NDTV Profit , the firm is expected to begin this process by mid-week and that the total number of laid-off employees will not exceed 3,200. These workers would come from both the negotiation and banking divisions, which would denote the broad scope of the cuts . Where to invest in 2023 with a recession in sight, according to Goldman Sachs, JPMorgan, and 9 other Wall Street giants Wall Street.



Under the direction of the company's current CEO, David Solomon , Goldman Sachs' workforce has increased by up to 34% since 2018 , they explain from NDTV Profit . In addition, the round of layoffs that the company seems to be carrying out this week would have been magnified by the entity's decision to have paused the layoffs of low-performing employees that it usually carries out every year since the pandemic began.. Among the reasons for this significant Asia Phone Number List cut would be the slowdown in several lines of the bank's business , its large investment to try to position itself better in the consumer banking sector and the low expectations of the market, which expects a recession to occur in 2023 . Goldman Sachs thus joins other business giants such as Salesforce , Amazon or Meta (parent company of Facebook, Instagram or WhatsApp ), which in recent weeks and months have announced the dismissal of tens of thousands of people due to the poor economic prospects, which they predict that this year there will be significant losses in their respective businesses.







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