Goldman Sachs is likely to slow hiring replacements and reinstate annual performance reviews as a form of end-year job cuts, as an unnamed source told CNBC on Monday. Earlier, CFO Denis Coleman said that analysts will review the company's second-quarter earnings.
The job cuts are "something that we suspended during the period of the pandemic for the most part," Coleman added.
The corporation is seeking to cut the fees that it pays the vendors as it prepares for inflation, which it will deal with by firing redundant employees.
