Goldman is planning to expedite its annual workforce reduction, with an anticipated range of 3% to 5%.

Goldman plans to expedite its annual layoffs, targeting 3% to 5% of its workforce, which is consistent with previous years. The layoffs will occur in the spring, rather than the typical second half of the year, and will primarily target vice presidents, who were hired in large numbers in recent years. These layoffs are part of Goldman's regular cost-cutting and talent management process, and the firm had 46,500 employees at the end of 2024, up slightly from 45,300 at the end of 2023 but fewer than the 48,500 it had at the end of 2022. Additionally, Google is reportedly cutting jobs in its cloud division, but the exact number of affected employees is unclear. Chevron is planning a global layoff, with a potential range of 15% to 20%, which could affect about 9,000 employees. Meta has started a plan to lay off 5% of its workforce, targeting underperforming employees to make room for top talent.