Goldman Sachs is reportedly considering laying off as many as 4,000 employees or 8% of its workforce in early 2023, more than double the number of people the company usually releases in a year.
According to a report published on Friday by news agency Semafor, the bank's decision comes as it struggles to meet earnings targets - similarly to other major investment banks in the United States such as Citigroup and Barclays.
In its third-quarter earnings results, Goldman revealed its net income and earnings per share plunged more than 40%.
