Goldman Sachs Group, Inc. (GS) has eliminated several dozen positions in the U.S. to cut expenses, reports said Thursday. The employees are believed to have been part of jobs such as administration, which are not revenue-generating.
The reductions are said to have affected positions in New York, New Jersey and Salt Lake City, Utah. It is not clear whether such cuts were effected elsewhere in the company's offices.
The firm had cut less than 50 jobs early this month.
GS closed on Thursday at $93.49, up $0.22 or 0.24 percent, on 4.41 million shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.