Goldman Sachs To Cut About 3,200 Jobs This Week After Cost Review – Bloomberg News

Goldman Sachs To Cut About 3,200 Jobs This Week After Cost Review - Bloomberg News

(Reuters) – Goldman Sachs Group Inc will start its biggest round of job cuts ever, as it locks in on a plan to eliminate about 3,200 positions this week, Bloomberg News reported on Sunday.

The financial services major is expected to begin the process mid-week and the total number of people affected will not exceed 3,200, the report said, citing a source.

(Reporting by Shivani Tanna in Bengaluru; Editing by Rashmi Aich)