120 Employees at Goldman are jittery about the annual performance evaluation process this year as they prepare for possible layoffs. The bank is considering several cost-cutting measures, including layoffs. According to some reports, Goldman may reduce investment bankers’ compensation by 40% this year, the most significant reduction since the Great Recession. Goldman was preparing to make at least 400 cutbacks to its underperforming retail banking segment. David Solomon, the CEO of Goldman Sachs, recently pointed to the challenging global economic conditions expected in 2023 and indicated the bank would aim to reduce its costs, with a reduction in the workforce among the anticipated measures. You Might Be Interested In Apple’s Worldwide Developers Conference Kicks Off June 10 with Keynote Address Charlie Munger: Architect of Berkshire Hathaway’s Success Passes Away at 99 Lucid secures $1.5 billion in funding to compete with Tesla Expedia Group’s Hari Nair Joins Brand USA Board to Promote U.S. Tourism China Telecom, Zain Omantel tie up for global expansion Tenet Healthcare Announces Sale of Two Hospitals and Revenue Cycle Services Collaboration with Adventist Health
