Goldman Sachs to Cut New York City Jobs Next Year

Goldman Sachs Group Inc. (NYSE: GS) announced it will reduce around 200 jobs in new york City throughout September and March next year, as stated by the NY Department of Labor filing Wednesday. While the job reductions are less than 1% of Goldman’s global personnel of 35700, they will take place after reports that Goldman plans on hiring thousands of employees in other nations such as Brazil, India, and Singapore. Goldman Sachs Group (NYSE:GS) has a potential upside of 39.6% based on a current price of 2.53 and an average consensus analyst price target of 4.95.
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