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Goldman Sachs: Employee Underperformance Plan | Explained

Goldman Sachs Group Inc. is planning for an annual round of job cuts for underperforming employees, scheduled to happen between late October and early November. Despite the bank’s usual range of 1% to 5% of its global workforce, this year’s reductions will be at the lower end of the range.

David Solomon, CEO of Goldman Sachs, leads the bank's annual job cuts as cost reduction measures continue. PHOTO: AEW/Shutterstock
David Solomon, CEO of Goldman Sachs, leads the bank’s annual job cuts as cost reduction measures continue. PHOTO: AEW/Shutterstock

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