New York City-based multinational investment bank and financial services giant Goldman Sachs is reportedly planning to lay off over 1,300 employees, according to The Wall Street Journal.
These layoffs are part of the company’s annual performance review process, which typically targets lower-performing employees. The report indicates that the final number could rise to as many as 1,800 out of Goldman Sachs' global workforce of approximately 45,000.
The layoffs have already begun and are expected to continue through the fall.
For the full report from The Wall Street Journal, click here.