Goldman Sachs plans to lay off about 3,200 employees this week—one of its biggest rounds of job cuts ever. According to a Bloomberg report, the Wall Street bank is expected to start the layoff process mid-week, and the overall number of employees affected will be limited to 3,200. The figure is lower than earlier proposals in management ranks that may have eliminated nearly 4,000 jobs, it added. Over one-third of the people it will layoff will probably be from within its core trading and banking units, the report said, adding that the job cuts are increased by the inclusion of the non-front-office roles that the investment bank added to divisional headcount in recent times.
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