Goldman to forgo second round of job cuts as outlook improves - FT

Goldman to forgo second round of job cuts as outlook improves - FT

Goldman Sachs (GS.N) has decided not to proceed with a second round of broad performance-based job cuts this year, following a better-than-expected recovery in its investment banking division. This decision was reported by the Financial Times on Thursday, July 24, 2025 [1].

The decision comes after a period of economic uncertainty and market volatility. Goldman Sachs, one of the world's leading investment banks, has been closely monitoring the recovery in its investment banking segment. The bank's performance has shown signs of improvement, leading to the cancellation of the second round of job cuts. This move indicates a positive outlook for the company's financial health and its ability to navigate through the current economic climate.

Goldman Sachs has not yet officially commented on the report. The bank's decision to forgo the second round of job cuts reflects its confidence in the recovery of its investment banking division. This development is significant for the financial sector, as it suggests that other major banks may also follow suit if their investment banking divisions show similar signs of improvement.

The news is a positive indicator for the broader financial industry. As investment banks continue to recover from the economic downturn, they may be in a position to expand their workforce and invest in new opportunities. This could lead to increased job creation and economic growth in the financial sector.

References:
[1] https://www.reuters.com/business/goldman-forgo-second-round-job-cuts-outlook-improves-ft-reports-2025-07-24/
[2] https://www.marketscreener.com/news/goldman-to-forgo-second-round-of-job-cuts-as-outlook-improves-ft-reports-ce7c5cd3d981fe27