Goldman Sachs (GS) to review the way it cuts low performers, will begin trimming staff next month in what could be several rounds of cuts, according to Business Insider

Goldman Sachs' decision to review its performance management process and initiate staff cuts signals a shift in its operational strategy, likely aimed at reducing costs in a challenging environment. This might indicate an expectation of weaker performance in the investment banking sector, raising concerns about their outlook and market competitiveness. Investors may react by reassessing the firm's long-term viability and its potential impact on the broader financial services sector.