Goldman Sachs Begins Layoffs as Part of Annual Review Process

Goldman Sachs reportedly plans to lay off between 3% and 4% of its workforce — amounting to about 1,300 to 1,800 people — as part of its annual review process.The layoffs have already started, will continue through the fall and are expected to be made across the bank’s divisions, the Wall Street Journal (WSJ) reported Friday (Aug. 30), citing unnamed sources.Goldman Sachs spokesperson Tony Fratto told the WSJ, per the report: “Our annual talent reviews are normal, standard and customary, but otherwise unrem ...