The investment banking giant stands by its practice of regular staff cuts often called its 'annual cull,' trying to cut between 3 and 5 percent of its workforce of 46,500.
Goldman Sachs raised its target price for emerging markets stocks on Thursday, projecting that the AI-powered rally in Chinese equities could boost other markets as well.
Goldman Sachs trims its staff, cutting what it deems to be the underperformers. This year, VPs stand to be big targets, BI has learned.
Goldman Sachs plans to trim its staffing by 3% to 5% in an annual performance review process this spring, said a source familiar with the matter who declined to be identified discussing personnel matters.
Goldman Sachs is reportedly planning to trim its headcount by 3% to 5% during its annual performance review this spring, potentially leading to more than 1,300 job cuts, including under-performing vice presidents.
Related: Goldman Sachs CEO has 2-word response to recession talk Given the mounting economic concerns and recent stock market slide, investors are right to wonder whether a recession could derail the multiyear stock market rally.
Goldman Sachs raised its economic growth forecast for Germany this year, citing the prospect of increased military and infrastructure spending, and also upgraded the growth estimate for the broader Euro area.
Goldman Sachs is a market leader, and the biggest component of the Dow Jones Industrial Average. See why I rate GS stock a sell.
Goldman Sachs is gearing up for its annual workforce reduction, with plans to trim between 3% and 5% of its employees, marking a shift in timing for the firm's regular personnel cuts. Unlike previous years, when these layoffs typically occurred in the second half of the year, this round is expected to take place in the spring.
NEW YORK (Reuters) - Goldman Sachs plans to target a cut of between 3% to 5% of staff as part of an annual performance-related review it will take in spring, a source familiar with the matter said. The last time the Wall Street firm conducted a similar review in September, that led to a small number of job cuts.
Wall Street investment bank Goldman Sachs (GS) is planning to cut up to 5% of its global workforce with a focus on its vice presidents.Discover
Goldman Sachs Asset Management is continuing its foray into buffered ETFs, an increasingly popular type of fund that limits losses in exchange for sacrificing some potential gains.