Tags: goldman | sachs | new york | jobs

Goldman Sachs Says in New York Filing It's Cutting 65 Jobs

goldman sachs corporate logo symbol emblem on a computer screen

Mohamed Ahmed Soliman | Dreamstime.com

Thursday, 14 March 2019 05:34 PM

Goldman Sachs Group Inc. said in a filing it planned to eliminate 65 jobs from its New York operations.

The firm filed a Worker Adjustment and Retraining Notification with the New York Department of Labor describing the planned workforce reduction, which it blamed on “economic” factors. The filing was dated Feb. 27 and publicly released this week.

Goldman Sachs (GS) typically cuts about 5 percent of staff around this time every year to make way for new hires. Chief Executive Officer David Solomon, who took over from Lloyd Blankfein in October, also has been reviewing all of the firm’s business lines.

The commodities business has been one target, and senior managers were asked to present a plan that included job cuts and exiting some business lines to reduce Goldman’s global footprint. The firm is eliminating 10 staffers in the commodities division, representing about five percent of the unit’s workforce, people familiar with the matter said last week.

© Copyright 2019 Bloomberg News. All rights reserved.

   
1Like our page
2Share
Companies
Goldman Sachs Group Inc. said in a filing it planned to eliminate 65 jobs from its New York operations.
goldman, sachs, new york, jobs
157
2019-34-14
Thursday, 14 March 2019 05:34 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved