Goldman Sachs begins cutting thousands of jobs in the middle of the week


Goldman Sachs to start cutting 1,000 jobs midweek

The decision comes at a time of preparations for a difficult economic environment

The Goldman Sachs logo is seen in the company's space on the floor of the NYSE in New York.  Credit: Reuters file photo

Goldman Sachs Group will begin cutting thousands of jobs at the firm starting Wednesday, two sources familiar with the move said, as it braces for a tough economic environment.

Sources cannot be cited because the information has not yet been made public. Goldman Sachs declined to comment.

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