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

The video discusses recent job cuts at Goldman Sachs, amounting to 8% of its workforce, which is significantly higher than cuts at other major banks like Morgan Stanley. The discussion highlights the strategic decisions Goldman Sachs faces, such as investing in technology versus human resources, especially in challenging economic times. The video also touches on the potential impact on various business units and the broader implications for Wall Street. Insights from a recent conversation with Goldman's CEO suggest that more pruning is expected, reflecting classic Wall Street behavior of hiring in good times and cutting back before downturns.

What percentage of its workforce is Goldman Sachs planning to cut, according to the recent headlines?

• 8%

• 5%

• 2%

• 10%

Which business area is speculated to be affected by Goldman Sachs' job cuts?

• Retail Banking

• Investment Banking

• Wealth Management

• Marcus Operations

What strategic decision is Goldman Sachs facing during tough times?

• Increasing marketing budget

• Investing in technology or people

• Expanding into new markets

• Acquiring smaller banks

What did the CEO of Goldman Sachs hint at in a recent conversation?

• Increase in bonuses

• More job cuts

• New product launches

• Expansion into Asia

How does the planned job cut percentage at Goldman Sachs compare to Morgan Stanley?

• It is higher

• It is the same

• It is lower

• It is not specified