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It seems that the famous investment banking company Goldman Sachs is ready to lay off a large number of employees. The decision was reportedly taken as part of the annual performance review process of the staff. This will affect 3 to 4 percent of the total employees.
According to reports in the English media, the company sources have revealed that these layoffs will be carried out in the next few weeks. The layoffs will affect the employees working in different departments. More than 1300 employees are planned to be laid off simultaneously. Employees who perform particularly poorly will be fired first.
On the one hand, market sources claim that the process of layoffs has already started in Goldman Sachs. However, the company has not issued any statement on this matter. Goldman Sachs fired a large number of employees during the pandemic, citing poor performance. It seems that layoffs have been announced for the same reason once again after two years.
Meanwhile, as of June 30 this year, 44,300 employees are working in the company. On the other hand, bank stocks hit all-time highs this week. Best performing banks in America. Firms that have laid off large numbers of employees due to fears of recession are announcing layoffs in order to adopt the latest AI technology. Computer manufacturer Dell and leading networking company Cisco have already followed the same path.
