See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Goldman Sachs is laying off as many as 3,200 employees this week

Posted on AllSides January 10th, 2023
From The Left
Michael M. Santiago/Getty Images

At Goldman Sachs, the New Year is starting with thousands of job cuts.

One of Wall Street's biggest banks plans to lay off up to 3,200 employees this week, as it faces a challenging economy, a downturn in investment banking, and struggles in retail banking.

It is one of the biggest rounds of layoffs at Goldman since the 2008 Global Financial Crisis.

Goldman, like many other investment banks, has seen its profits take a hit as markets have tumbled since last year because of aggressive interest rate hikes from the...

Read full story

NPR (Online News)

AllSides Media Bias Rating: Lean Left
AllSides Media Bias Rating: Lean Left
You agree.
Thank you! Community votes alone don't determine our ratings, but are valuable feedback and can prompt us to do more research.
See full bias rating for NPR (Online News)
Learn about media bias

AllSides Picks

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right