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Goldman Sachs Kicks Off New Year By Laying Off 3,000+  

Goldman Sachs laid off 3,000 employees last week in what some are dubbing "David's Demolition Day," after CEO David Solomon. So reports The New York Post.

Goldman SachsThe layoffs are the largest at the firm since the Great Recession. This comes as the firm gears up for what it expects to be a rough economy this year. 

Axed employees have complained that the firm handled the layoffs in a very poor and unprofessional manner. Some employees report being invited to phony early morning meetings, some at 7:30 A.M., only to be fired instead.   

Goldman’s total workforce numbered 49,100 as of end-third quarter, with that total reflecting a huge number of hires it made during the COVID-19 pandemic, according to a Reuters report. While the layoffs likely impact most of its major divisions, according to the Reuters report, the hardest hit is reportedly its investment banking unit, according to a source.

Read the full article from The New York Post.

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