Goldman Sachs has confirmed it will lay off more than 3% of its workforce at its global headquarters in New York, according to a filing with state regulators.
Citywire reported that Goldman Sachs disclosed in an amended Worker Adjustment and Retraining Notification (WARN) filing with the New York State Department of Labor on Monday that 343 roles will be cut at its Manhattan headquarters.
The filing stated that the reductions began on 22 June and will continue in stages through 14 October. Goldman Sachs employs 9,965 people at its New York headquarters, meaning the cuts represent about 3.4% of its staff at the site.
WARN notices are required under federal and state law when companies plan significant job reductions. Employers must provide advance notice to affected staff and to government agencies, with the intention of giving workers time to prepare for a job loss or to seek retraining opportunities.
The New York State Department of Labor publishes details of WARN filings as part of its oversight responsibilities. The Goldman Sachs notice, amended this week, reflects updates to the scale and timing of the reductions.
The company did not comment beyond what was included in the regulatory filing. No details were provided on the types of roles affected or whether support packages would be offered.
The layoffs underscore the impact of cyclical changes in financial services employment, where firms are required to disclose material workforce reductions in advance. In New York, WARN rules apply when at least 25 employees are affected in smaller firms or 250 employees in larger organisations. Goldman’s filing clearly exceeds that threshold.
For employees, the notice signals a phased reduction that stretches into the autumn, with the final effective date listed as 14 October. The state labour department will continue to monitor compliance with notification requirements as the process moves forward.