Largest U.S. bank may reduce the number of employees

07.12.2022,16:31


December 7, Fineko/abc.az. Goldman Sachs, one of the largest U.S. banks, may cut employees in the near future. 

ABC.AZ reports that the reduction is linked with the expected economic downturn. 

Goldman Sachs CEO David Solomon said they may have to lay off the bank's employees amid growing economic uncertainty. Solomon noted that now it is necessary to be more careful with financial resources, since the U.S. may face recession in 2023.