Goldman Sachs is planning another round of layoffs aimed at laggard employees — and it could come as soon as next month, sources told The Post. The layoffs — which are expected to target 1% o…
Goldman Sachs is planning another round of layoffs aimed at laggard employees — and it could come as soon as next month, sources told The Post.
The layoffs — which are expected to target 1% of under-performers at the Wall Street giant — would be the fourth round of cuts at the bank since last fall, The Post has confirmed. Managers have already created lists of roughly 440 potential employees in investment banking, trading, asset and wealth management, and operations who will be affected, according to a source briefed on the situation.
The Wall Street giant has historically axed the bottom 1% to 5% of under-performers every year. This year the number will be at the bottom end of that range and is expected to go into effect by the end of October or early November, a source told The Post.that employees had been fretting about the possibility of more cuts — and that workers were planning to step up attendance after Labor Day amid worries they could lose their jobs.
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