Goldman plans workforce deduction, to lay off employees in annual performance review

Goldman Sachs plans to cut several hundred jobs through its annual evaluation to address underperformers. The firm had paused performance-based layoffs during the COVID-19 pandemic, resuming them in 2022. Earlier a report said that the layoffs, which have already begun, will continue through the fall and could affect more than 1300 employees, representing 3 per cent to 4 per cent of Goldman's workforce.