Following The Tech Sector, Layoff Contagion Hits Wall Street: Goldman Sachs Plans To Downsize 4,000 White Collar Workers

Wall Street has caught the contagion that caused large layoffs in the tech sector. Top-tier New York City-based investment bank Goldman Sachs is planning to let go of around 4,000 white-collar professionals. The reductions will impact around 8% of the bank’s worldwide workforce.