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Goldman Sachs boss David Solomon warns of banker cuts in first half of January

Earlier this month, there were reports that the banking giant was planning to lay off about 8% of its workforce, or nearly 4,000 employees

By

Mike Murphy

Goldman chief executive David Solomon said the company faces a variety of challenges, including 'tightening monetary conditions' that are causing an economic slowdown
Goldman chief executive David Solomon said the company faces a variety of challenges, including 'tightening monetary conditions' that are causing an economic slowdown Photo: Bloomberg via Getty Images

The CEO of Goldman Sachs expects to cut jobs in early January, according to a report late on 28 December.

In his annual year-end letter to staff, Goldman chief executive David Solomon said: "We are conducting a careful review and while discussions are still ongoing, we anticipate our headcount reduction will take place in the first half of January," according to Bloomberg News.

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