The bank confirmed that it plans to lay off less than 1% of its workforce, or about 400 jobs. The company said that the layoffs will be carried out across the company. As of July, the company had 39,100 employees. Goldman Sachs said that no other positions have been more affected than other positions.
The company said: “When the pandemic broke out, the company announced that it would suspend layoffs.” “The company has made a decision and decided that the number of layoffs is small.”
As the news broke, Goldman Sachs had seen a surge in revenue from its trading and trading divisions, even though rival banks had been struggling.