www.bloomberg.com Open in urlscan Pro
151.101.193.73  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip to content


Skip to content
Bloomberg the Company & Its ProductsThe Company & its ProductsBloomberg Terminal
Demo RequestBloomberg Anywhere Remote LoginBloomberg Anywhere LoginBloomberg
Customer SupportCustomer Support

Bloomberg Webinars: Access a broad range of analysis, research, insight & ideas.

Europe Edition

 * UK
   
 * Europe
   
 * US
   
 * Asia
   
 * Middle East
   
 * Africa
   
 * 日本
   

Sign In Subscribe



 * Live Now
   
   
   BLOOMBERG TV+
   
   
   BLOOMBERG TECHNOLOGY
   
   The only daily news program focused exclusively on technology, innovation and
   the future of business hosted by Ed Ludlow from San Francisco and Caroline
   Hyde in New York.
   
   
   BLOOMBERG RADIO
   
   
   SOUND ON
   
   Bloomberg Chief Washington Correspondent Joe Mathieu delivers insight and
   analysis on the latest headlines from the White House and Capitol Hill,
   including conversations with influential lawmakers and key figures in
   politics and policy.
   
   Listen
   
   --------------------------------------------------------------------------------
   
   
   QUICKTAKE
   
   
   BUSINESS OF SPORTS
   
   If the only thing you know about sports is who wins and who loses, you are
   missing the highest stakes action of all. The business owners that power this
   multibillion dollar industry are changing, and a new era of the business of
   sports is underway.
   
   
   ALSO STREAMING ON YOUR TV:
   
   
 * * Markets
     Markets
      * Deals
      * Odd Lots
      * The FIX | Fixed Income
      * ETFs
      * FX
      * Factor Investing
      * Alternative Investing
      * Economic Calendar
      * Markets Magazine
     
     
     BUSINESS
     
     UK Businesses Brace for Falling Profits During 2023 Recession
     
     
     HYPERDRIVE
     
     Tesla Fan Filed Boat, Jet Trademark Without Company’s Knowledge
     
     
     MARKET DATA
     
      * Stocks
      * Commodities
      * Rates & Bonds
      * Currencies
      * Futures
      * Sectors
     
     View More Markets
   * Economics
     Economics
      * Indicators
      * Central Banks
      * Jobs
      * Trade
      * Tax & Spend
      * Inflation & Prices
     
     
     ECONOMICS
     
     Key Takeaways From Minutes of Fed’s December Meeting on Rates
     
     
     CENTRAL BANKS
     
     Fed Affirms Inflation Resolve, Pushes Back Against Rate-Cut Bets
     
     
     CENTRAL BANKS
     
     Poland Holds Rates Steady as Recession Risk Overshadows Prices
     
     View More Economics
   * Industries
     Industries
      * Consumer
      * Energy
      * Entertainment
      * Finance
      * Health
      * Legal
      * Real Estate
      * Telecom
      * Transportation
     
     
     HYPERDRIVE
     
     Stellantis to Help Manufacture Archer Aviation’s Air Taxi
     
     
     BUSINESS
     
     Ryanair Boosts Profit Forecast After Strong Christmas Demand
     
     
     FEATURED
     
      * Business of Sports
     
     View More Industries
   * Technology
     Technology
      * Code Wars
      * Checkout
      * Prognosis
     
     
     TECHNOLOGY
     
     Jack Ma’s Ant Wins Approval for $1.5 Billion Capital Plan
     
     
     TECHNOLOGY
     
     Battered by Covid, China Hits Pause on Giant Chip Spending Aimed at
     Rivaling US
     
     
     TECHNOLOGY
     
     China Markets Start 2023 With a Bang as Policy Shift Hastens
     
     View More Technology
   * Politics
     Politics
      * US
      * UK
      * Americas
      * Europe
      * Asia
      * Middle East
     
     
     POLITICS
     
     Labour’s Starmer Looks to Private Sector to Fix Britain
     
     
     POLITICS
     
     Trump’s Clout in GOP Slips as Plea for McCarthy Goes Unheeded
     
     
     FEATURED
     
      * Next China
     
     View More Politics
   * Wealth
     Wealth
      * Investing
      * Living
      * Opinion & Advice
      * Savings & Retirement
      * Taxes
      * Reinvention
     
     
     WEALTH
     
     College Admissions Cheating Mastermind Gets 3 1/2 Years Prison
     
     
     LIVING
     
     If You Have Student Loans, Mark These Dates on Your Calendar
     
     
     FEATURED
     
      * How to Invest
     
     View More Wealth
   * Pursuits
     Pursuits
      * Travel
      * Autos
      * Homes
      * Living
      * Culture
      * Style
     
     
     PURSUITS
     
     Jets Committed to Help Wilson 'Through Hell Or High Water'
     
     
     PURSUITS
     
     Georgetown AD Acknowledges 'Frustrating Time' Under Ewing
     
     
     FEATURED
     
      * Screentime
      * New York Property Prices
      * Where to Go in 2022
     
     View More Pursuits
   * Opinion
     Opinion
      * Business
      * Finance
      * Economics
      * Markets
      * Politics & Policy
      * Technology & Ideas
      * Editorials
      * Letters
     
     
     MARK GONGLOFF
     
     Kevin McCarthy Is a Victim of the GOP Rebellion About Nothing
     
     
     ROBERT BURGESS
     
     The Fed Has a Greenspan Conundrum on Its Hands
     
     
     GEAROID REIDY
     
     Don’t Pay People to Leave Tokyo. Make More Tokyos
     
     View More Opinion
   * Businessweek
     Businessweek
      * The Bloomberg 50
      * Best B-Schools
      * Small Business Survival Guide
      * 50 Companies to Watch
      * Good Business
      * Subscribe to the Magazine
     
     
     TECHNOLOGY
     
     China’s Tech Giants Brace for a New Era of Slower Growth
     
     
     CITIES
     
     New York Landlords Try Carbon-Sucking Towers to Comply With Climate Law
     
     
     CITIES
     
     Building With Sustainable Wood Is Key to Greener Cities
     
     View More Businessweek
   * Equality
     Equality
      * Corporate Leadership
      * Capital
      * Society
      * Solutions
     
     
     EQUALITY
     
     Walgreens Plans to Get Certified to Dispense Abortion Pill
     
     
     EQUALITY
     
     New York Urges Halt to Forced Arbitrations That Trap Foreign Nurses
     
     
     FEATURED
     
      * In Trust Podcast
     
     View More Equality
   * Green
     Green
      * New Energy
      * ESG Investing
      * Weather & Science
      * Electric Vehicles
      * Climate Politics
      * Greener Living
      * Cleaner Tech
     
     
     WEATHER & SCIENCE
     
     Californians Warned to Stay Off Roads as Major Storm Looms
     
     
     WEATHER & SCIENCE
     
     Record Winter Heatwave Forces Snowless Alpine Ski Resorts to Close Slopes
     
     
     FEATURED
     
      * Data Dash
      * Hyperdrive
     
     View More Green
   * CityLab
     CityLab
      * Design
      * Culture
      * Transportation
      * Economy
      * Environment
      * Housing
      * Justice
      * Government
      * Technology
     
     
     TRANSPORTATION
     
     The Cities Keeping Their Car-Free Spaces
     
     
     GOVERNMENT
     
     Why Child Care Centers in New York City Are Shutting Their Doors
     
     
     TRANSPORTATION
     
     How Jersey City Got to Zero Traffic Deaths on Its Streets
     
     View More CityLab
   * Crypto
     Crypto
      * Decentralized Finance
      * NFTs
      * Regulation
      * Technology
     
     
     CRYPTO
     
     What’s to Become of Miami’s “Crypto Hub” Status? (Podcast)
     
     
     CRYPTO
     
     Indonesia to Start Crypto Exchange Ahead of Regulatory Shift
     
     
     CRYPTO
     
     FTX’s Collapse Blurs the Future of Blockchain Gaming (Podcast)
     
     View More Crypto
 * More
   
   --------------------------------------------------------------------------------
   
   
   
   





Wealth


GOLDMAN SACHS SET TO CUT AS MANY AS 4,000 WORKERS, SEMAFOR SAYS

Video Player is loading.
Play Video
Play
Unmute

Current Time 0:00
/
Duration 3:01
Loaded: 0%


0:00
Progress: 0%
Stream Type LIVE
Remaining Time -3:01
 
Playback Rate
 * 2x
 * 1.75x
 * 1.5x
 * 1x, selected
 * 0.75x
 * 0.5x

1x
Chapters
 * Chapters

Captions
 * captions settings, opens captions settings dialog
 * captions off, selected

ShareFullscreen

This is a modal window.



Beginning of dialog window. Escape will cancel and close the window.

TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaque
Font Size50%75%100%125%150%175%200%300%400%Text Edge
StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional
Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall
Caps
Reset restore all settings to the default valuesDone
Close Modal Dialog

End of dialog window.



Goldman Sachs Set to Cut Up to 4,000 Workers: Semafor
Goldman Sachs Set to Cut Up to 4,000 Workers: Semafor
Close
Share


--------------------------------------------------------------------------------

Embed

Permalink

Unmute


Goldman Sachs Set to Cut Up to 4,000 Workers: Semafor
By

Michael J Moore

+Follow
December 16, 2022 at 12:53 PM GMT


LISTEN TO THIS ARTICLE

1:01


SHARE THIS ARTICLE


Copied
New
Gift
Gift this article

Exit

Subscriber Benefit

Bloomberg subscribers can gift up to 5 articles a month for anyone to read, even
non-subscribers! Learn more

Subscribe

Sign In

Follow the authors
@MooreMichaelJ
+ Get alerts forMichael J Moore


Goldman Sachs Group Inc. plans to cut as many as 4,000 jobs as it struggles to
reach profitability targets, Semafor reported. 

The cuts may amount to up to 8% of the bank’s workforce, Semafor reported,
citing unnamed people familiar with the matter. Managers have been asked to
identify low performers, but no final list has been drawn up, the news outlet
reported. 

Bloomberg reported earlier this week that the Wall Street firm is aiming to cut
at least a few hundred more jobs as it restructures its struggling consumer
business and braces for an uncertain economy in the year ahead.





Goldman to Cut Hundreds More Jobs, Moving Beyond Routine Culls

Chief Executive Officer David Solomon has said he’s dialing back the firm’s
ambitions for consumer banking and signaled he’s reviewing other business lines
to manage headcount and limit costs. The latest cuts appear to go beyond the
firm’s annual exercise of weeding out underperforming staff, which was the focus
just months ago. 



Here’s Where Wall Street Firms Stand With Job Cuts





SHARE THIS ARTICLE


Copied
New
Gift
Gift this article

Exit

Subscriber Benefit

Bloomberg subscribers can gift up to 5 articles a month for anyone to read, even
non-subscribers! Learn more

Subscribe

Sign In

Follow the authors
@MooreMichaelJ
+ Get alerts forMichael J Moore

Have a confidential tip for our reporters?
Get in touch
Before it's here, it's on the
Bloomberg Terminal
Learn more




MOST READ

 * Technology
   Battered by Covid, China Hits Pause on Giant Chip Spending Aimed at Rivaling
   US
 * Markets
   Stocks Snap Two Days of Losses; Bonds End Mixed: Markets Wrap
 * Technology
   Hasbro’s Wizards of the Coast Cancels Video Game Projects
 * Technology
   Microsoft Hopes OpenAI’s Chatbot Will Make Bing Smarter
 * Technology
   Salesforce’s 10% Staff Cut Highlights Slowdown in Tech Spending


Copy Link

Terms of Service Manage Cookies Trademarks Privacy Policy ©2023 Bloomberg L.P.
All Rights Reserved
Careers Made in NYC Advertise Ad Choices Help



Register to read more.Get Startedcontinue