Goldman Sachs to Cut Jobs Next Month

Goldman Sachs is planning significant job cuts, potentially affecting up to 8% of its workforce, as announced by CEO David Solomon. The decision is driven by pressures on expenses and a need to meet investor expectations. Despite previous pledges to avoid cuts during the pandemic, the bank's workforce has grown significantly, prompting a strategic realignment. The upcoming job cuts are part of a broader effort to manage costs and improve shareholder confidence, with an investor day planned to address these changes.

How much did Goldman Sachs's workforce grow from the end of 2018 to the third quarter of 2022?

What is the significance of the upcoming Investor Day for Goldman Sachs?