Goldman Sachs to Cut at Least 400 More Jobs

Goldman Sachs is planning to cut 400 jobs in its retail banking division due to mounting losses and operational missteps. This move is part of a broader trend in the banking and tech sectors, where companies are scaling back after a hiring boom. Despite these cuts, Goldman remains committed to its high-yield savings accounts, which have been profitable and help reduce funding costs.

What are the reasons behind Goldman Sachs' decision to cut jobs in its retail banking operations?

How has the performance of Goldman Sachs' retail banking division changed over the past year?

What impact has the restructuring announcement had on Goldman Sachs' workforce?

In what ways is Goldman Sachs' situation reflective of broader trends in the banking industry?

What strategies is Goldman Sachs considering to maintain profitability in its consumer banking segment?