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WEKU
WEKU
Business
David Gura

Goldman Sachs is laying off as many as 3,200 employees this week

Goldman Sachs David Solomon Marcus
The Goldman Sachs logo is seen at the New York Stock Exchange in New York City on Sept. 13, 2022. Goldman is laying off up to 3,200 employees as it faces a more challenging business environment. (Michael M. Santiago/Getty Images)

At Goldman Sachs, the New Year is starting with thousands of job cuts.

One of Wall Street's biggest banks plans to lay off up to 3,200 employees this week, as it faces a challenging economy, a downturn in investment banking, and struggles in retail banking.

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