Goldman Sachs is beginning company-wide layoffs that will affect employees at every level. It is anticipated that 125 managing directors will be let go, and each level is expected to lay off around 250 employees. These layoffs are due to large decreases in deal values and lower earnings over the previous year. Goldman Sachs also performed large staff cuts in September, December, and January in an effort to cut costs. Many Goldman Sachs employees, from senior executives to low-level staffers are becoming increasingly worried about their future at the company.
See "Layoffs at Goldman Sachs to affect employees at every level ", Shannon Thaler, New York Post, June 26, 2023