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Goldman Sachs to stop replacement hires to keep costs low

Goldman Sachs is refraining from replacing departed employees as part of a broader set of cost-cutting actions, following the layoffs of 3,200 employees earlier this year, which were the company’s largest reductions since 2008. Photo: David Solomon, Goldman Sachs CEO. Hollie Adams, Bloomberg At a presentation for its 2023 investor day, the company’s chief financial...

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