Human Resources



Goldman Sachs to cut 98 jobs

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Goldman Sachs plans to lay off 98 employees in New York between July and October, bringing the number of dismissals disclosed to state officials this year to at least 353.

The dismissals are part of a third round of layoffs at the bank, according to a filing by the bank with the New York state’s Department of Labor, dated June 21.

An earlier document in April cited 146 cuts, and a March filing detailed 109 dismissals.

The employees, who worked across a variety of businesses, were notified in April, May and the first week of June, a person with knowledge on the cuts asked not to be identified told Bloomberg.

They will drop off the payroll from July to October.

The bank had 36,500 total staff as of March 31, according to a financial filing.  Goldman Sachs has been reducing staff as it seeks to weather a slump in trading and deal making.

ALSO READ: Goldman Sachs to lay off more than 5% of traders and salespeople

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