Goldman Sachs (GS) CEO David Solomon has told senior executives that the firm hired too many vice presidents in recent years in relation to its overall hiring, people familiar with the matter told The Wall Street Journal’s AnnaMaria Andriotis. About 3% to 5% of the firm’s workforce is expected to be cut in the annual culling, but Goldman’s overall head count, which ended 2024 at 46,500, is expected to remain flat this year when factoring in hiring, the report noted.
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