Anabelle Colaco
27 Jul 2025, 02:27 GMT+10
NEW YORK CITY, New York: Goldman Sachs is hitting pause on plans for additional job cuts, following a stronger-than-expected rebound in its investment banking division, the Financial Times reported on Thursday.
The Wall Street giant had been considering a second wave of performance-based layoffs this year. However, the recent uptick in dealmaking activity has improved the outlook enough for the firm to shelve those plans, according to the report.
Goldman had previously made significant staff reductions in late 2023 and early 2024 as it battled a slowdown in mergers, acquisitions, and capital markets activity. The now-cancelled round of cuts would have targeted underperformers across the firm.
Get a daily dose of New York Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to New York Telegraph.
More InformationNEW YORK CITY, New York: Goldman Sachs is hitting pause on plans for additional job cuts, following a stronger-than-expected rebound...
SEOUL, South Korea: With just days left before a 25 percent tariff deadline, South Korea's push to strike a trade deal with the United...
NEW DELHI/LONDON: India and the United Kingdom will sign a comprehensive free trade agreement on July 24 during Prime Minister Narendra...
NEW YORK, New York - U.S. stock markets made solid ground Friday, sending all the key indices out with weekly gains. The Standard and...
WASHINGTON, D.C.: This week, President Donald Trump unveiled a new trade framework with Japan, announcing a 15 percent tariff on goods...
SAN FRANCISCO, California: Amazon is making a fresh bet on artificial intelligence wearables by acquiring Bee, a San Francisco-based...
NEW YORK CITY, New York: Goldman Sachs is hitting pause on plans for additional job cuts, following a stronger-than-expected rebound...
NEW YORK CITY, New York: A decades-long safety risk has triggered a significant recall of more than 5.2 million aboveground swimming...
NEW YORK CITY, New York: U.S. consumers found it easier to secure auto loans and refinance mortgages in June, according to new data...
NEW YORK CITY, New York: Kraft Heinz is weighing a major corporate shake-up that could unravel its 2015 mega-merger, as the food giant...
NEW YORK CITY, New York: In recent months, a new and unusual image has become common across the United States: immigration officers...
NEW YORK CITY, New York: Lin-Manuel Miranda is using the 10th anniversary performance of Hamilton on Broadway not just to celebrate...
