Three months after laying off roughly 400 employees, Goldman Sachs Group Inc. (GS) is getting ready for another round of layoffs, according to Reuters.
As part of a larger restructuring effort, the bank announced in January that it would cut operating expenses by $1.3 billion over the next three years.
Although executives expect deeper staff reductions next year, the upcoming job cuts are anticipated to be comparable in scope to the reductions made in September.
As part of its continuous cost-optimization strategy, Goldman has also been moving positions to less expensive cities like Bengaluru, India, Dallas, and Salt Lake City.
GS is currently trading at $774.06, down $12.72 or 1.62 percent on the New york Stock Exchange.
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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.