Goldman Sachs readies layoffs in Aussie investment banking team

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Goldman Sachs’ global cost-cutting has landed on the Australian shores.

Goldman Sachs, a bellwether for rival firms, is weighing sharp cuts to bonuses and could fire thousands of staff globally.Street Talk understands Goldman Sachs was expected to lay off as many as 12 people from its Australian investment banking team, which was the third-largest IB fee earner locally for 2022.

Investment banking co-heads Nick Sims and Zac Fletcher were expected to make the call in coming days. But there’s already signs of movement on the

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