Goldman Sachs carried out multiple workforce reductions in 2023 as dealmaking stagnated and stepped back from a loss-making consumer business.
See salary and bonus figures for more than 900 investment bankers, from analysts to MDs, surveyed by recruiting firm Prospect Rock Partners.
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Wall Street investment bank Goldman Sachs (GS) is planning to cut up to 5% of its global workforce with a focus on its vice presidents.Discover
Liz Martin, chief operating officer of engineering at Goldman Sachs global banking and markets business, is set to leave the Wall Street giant after 25 years at the firm, according to an internal memo seen by Reuters on Tuesday.
Goldman Sachs plans to trim its staffing by 3% to 5% in an annual performance review process this spring, said a source familiar with the matter who declined to be identified discussing personnel matters.
Goldman Sachs trims its staff, cutting what it deems to be the underperformers. This year, VPs stand to be big targets, BI has learned.
Goldman Sachs (GS), which historically ranks in the upper echelon of Wall Street banks, notched a major win as the only investment bank to advise on the sale of CK Hutchison Holdings ports to a group led by BlackRock (BLK),
The bank is trying to send more managers to locales outside its main hubs in an initiative dubbed informally by some as 'Project Voyage'
The issue was discussed by CEO David Solomon and the bank’s partners at their annual meeting in Miami earlier this month, multiple sources told The Post.
Financial markets are signaling that the risk of a recession is growing as tariff-related uncertainty and indicators of economic weakness spread fear across Wall Street.
Goldman Sachs named David Dubner as chief operating officer of global mergers and acquisitions, according to a memo seen by Reuters on Wednesday, beefing up leadership in one of its most important businesses.