Goldman Sachs begins laying off staff on Jan. 11 in a broad restructuring that targets investment banking and global markets roles and aims to cut $1.3 billion in operating expenses over three years. The moves reflect a strategic push to redeploy capital into priority businesses and technology, but the scale and timing remain unclear and could reshape hiring, compensation and offshore staffing across the industry.
https://www.prismedia.ai/news/goldman-sachs-begins-major-layoffs-in-aifueled-cost-push