Goldman Sachs Plans New Round of Job Cuts

Goldman Sachs is undergoing significant job cuts as part of a cost-cutting strategy to meet financial goals set before the pandemic. Despite strong earnings, the company is trading below its book value, prompting further cost reductions. Strategies include relocating employees and cutting underperforming executives. The company aims to exceed $40 billion in annual revenue, contrasting its strong earnings with poor stock performance.

What significant action did Goldman Sachs take regarding job cuts during the pandemic?

How many job cuts did Goldman Sachs announce in September?

What are the reasons behind Goldman Sachs' cost-cutting measures?

What financial goal did Goldman Sachs set for themselves at the start of the year?

How does Goldman Sachs' stock performance contrast with its earnings?