Goldman Sachs – Job Cut Speculation – Economy

According to insiders, Goldman Sachs is cutting thousands of jobs. The plans are to be implemented from Wednesday, said two people familiar with the project. According to an insider, the first plan is to cut a little over 3,000 jobs. However, the final number has not yet been determined. Bloomberg had previously reported that 3,200 jobs were to be cut. Goldman Sachs declined to comment. Investment banking is mainly affected by the cuts, said one of the insiders. The uncertainty of many investors in view of the economic situation is currently having a negative impact on this business. But hundreds of jobs are also to be lost in the business with private customers. This has mainly to do with the clipped plans for the online bank Marcus, which is still making a loss.

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