Annual review to cut 3% to 5% of staff
Source-backed update · Reported plan · Goldman Sachs
EventReported March 4, 2025
ReportedMarch 4, 2025
Added to WorkHushMarch 4, 2025
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Sources
Bloomberg (via Bloomberg Tax) · Mar 4, 2025Supports: Citing a person familiar with the matter, reported that Goldman would cut 3% to 5% of staff in an annual round moved earlier in the year, with a focus on vice presidents per a Wall Street Journal report.Open the sourceReuters (via TradingView) · Oct 14, 2025Supports: Noted that Goldman moved its annual performance-based staff cuts to the second quarter from September in 2025, an exercise that typically targets a 3% to 5% reduction.Open the source
Not in the sources
The number of jobs, teams and locations is not established, and the 3% to 5% figure came from an unnamed source rather than the company.
More job cuts in March 2025 ›