Goldman Sachs plans to cut hundreds of jobs

Goldman Sachs Group Inc. is preparing to lay off hundreds of employees as soon as next week.

The job cuts are part of the bank’s annual performance review, which the bank suspended during the pandemic, according to a person familiar with the matter. Goldman restored those ratings earlier this year following a slump in Wall Street trading activity. Goldman had 47,000 employees at the end of June, up from 41,000 a year earlier.

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