Goldman is using performance reviews to reduce head count by 1% to 5%, according to reports, while Barclays may trim 5% from at least one key business unit.
Goldman Sachs Group Inc. and Barclays Plc are planning job cuts in coming weeks as banks navigate one of the worst deal-making environments in the past decade, according to reports on Friday.
Goldman Sachs executives have said that they will launch performance reviews, but they have not yet publicly disclosed any targets or timing. Meanwhile, Barclays Plc BARC, +0.18% may reduce head count by hundreds next week, according to a Bloomberg report.
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