Goldman Sachs Group Inc. may be looking to reduce its workforce by 3,200 starting this week, the Wall Street Journal reported on Monday citing a person familiar with the matter.
If it comes to fruition, the move would leave the company without about 7% of its 49,000 employees. Goldman was first reported to eye job cuts in December, with some 4,000 positions said to be in danger in early 2023.
The multinational investment bank will release its fourth-quarter earnings for 2022 next week. According to the results posted in October for the previous quarter, it recorded a 12% year-on-year plunge in total net revenues.
