Goldman Sachs Launching Fresh Round of Job Cuts
Clearly not immune to the economic effects of the coronavirus pandemic, Goldman Sachs (NYSE: GS) is enacting a fresh round of job cuts. On Thursday the storied financial services company admitted it will conduct "a modest number of layoffs," according to a spokesperson.
That acknowledgement comes just after a report from Bloomberg. Citing "people with knowledge of the situation," the report said that the company would be jettisoning around 400 employees. That comprises around 1% of its total workforce.
Source Fool.com
