Goldman to Cut Hundreds More Jobs, Moving Beyond Routine Culls

Goldman Sachs Group Inc. aims to cut at least a few hundred more jobs as the Wall Street titan restructures its struggling consumer business and braces for an uncertain economy in the year ahead.

The bank is drafting plans that could eliminate at least 400 positions from its loss-making retail banking operations, according to people familiar with the matter.

WATCH: Goldman Sachs will cut a few hundred more jobs. Bloomberg’s Sridhar Natarajan reports.

Source: Bloomberg

Chief Executive Officer David Solomon has said he’s dialing back the firm’s ambitions for consumer banking. The latest cuts show the firm is moving beyond its annual exercise of weeding out underperforming staff, which was the focus just months ago. ...