News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Goldman Sachs warns of layoffs

The bank plans to cut jobs beyond its annual 5% cull of low performing employees

Goldman Sachs has notified the New York State Department of Labor that the investment bank could lay off 230 employees, citing economic reasons.

In a notice dated June 29, Goldman said a "plant layoff" could affect those employees between late September and March 31, 2012.

WSJ Logo