Goldman Sachs is expected to layoff thousands of employees this week, just months after unveiling a major reorganization.
Goldman, a leading Wall Street investment bank, is slated to announce its long-awaited job cuts on Wednesday, two people familiar with the matter said. Though both were expecting the moves to happen on Wednesday, they noted that the timing could certainly change. The 154-year-old firm is expected to slash up to 4,000 positions globally, or 8% of its workforce, one of the people said. It employs about 49,000 people.
