Goldman Sachs has begun laying off workers across the US — and the Wall Street giant is focused on culling mid-level investment bankers amid a downturn in dealmaking as the economy slows, according to a report.
Last week, Goldman laid off nearly a dozen bankers in the prestigious technology, media and telecommunications division alone, according to an Insider report. Consumer retail, health care and industrials divisions have also been hit by layoffs, the report adds.
While bankers at every level have been affected, senior associates and vice presidents have borne the brunt of the culling since they’re advanced enough to cost the company money but typically aren’t rainmakers like partners at the firm, the report notes.
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Article URL : https://nypost.com/2022/09/26/goldman-sachs-begins-layoffs-targeting-mid-level-bankers/