Goldman Sachs to Cut Hundreds of Jobs in Annual Performance Review

The bank's strategic resource assessment targets low performers, with overall headcount expected to rise by year-end.

Goldman Sachs plans to dismiss a few hundred employees as part of its annual review process.
The cuts represent 3% to 4% of the workforce, in line with typical reductions.
The bank's stock has surged 32% this year, reaching an all-time high.
Goldman reinstated performance-related job cuts in 2022 after a pandemic pause.
Despite layoffs, Goldman expects to have more employees by the end of 2024.