Goldman cancels planned layoffs amid stronger business outlook

Anabelle Colaco
27 Jul 2025, 02:27 GMT+10

Goldman Sachs is hitting pause on plans for additional job cuts, following a stronger-than-expected rebound in its investment banking division
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

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.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.

More Information

null in null

Business

Section

Goldman cancels planned layoffs amid stronger business outlook

NEW YORK CITY, New York: Goldman Sachs is hitting pause on plans for additional job cuts, following a stronger-than-expected rebound...

South Korea scrambles as tariff talks with US abruptly postponed

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...

Whisky, cars, EVs featured in India-UK free trade agreement

NEW DELHI/LONDON: India and the United Kingdom will sign a comprehensive free trade agreement on July 24 during Prime Minister Narendra...

U.S. stocks rally to close out week on positive note

NEW YORK, New York - U.S. stock markets made solid ground Friday, sending all the key indices out with weekly gains. The Standard and...

Trump announces 15% tariff on Japanese goods in new trade deal

WASHINGTON, D.C.: This week, President Donald Trump unveiled a new trade framework with Japan, announcing a 15 percent tariff on goods...

Amazon expands into AI wearables with Bee acquisition

SAN FRANCISCO, California: Amazon is making a fresh bet on artificial intelligence wearables by acquiring Bee, a San Francisco-based...

Construction

Section