Goldman Sachs to lay off 3,200 workers in biggest ever round of job cuts

Managers across firm are expected to start cuts mid week as the company said it is preparing to weather headwinds

A Goldman Sachs logo is displayed on a smartphone screen. Picture: Getty

Goldman Sachs is embarking on one of its biggest rounds of job cuts ever as it locks in on a plan to eliminate about 3,200 positions this week, with the bank’s leadership going deeper than rivals to shed jobs.

The firm is expected to start the process mid-week and the total number of people affected will not exceed 3,200, according to a person with knowledge of the matter. More than a third of those will ...