In January, Goldman Sachs Predicted Layoffs

Bloomberg reported that Goldman Sachs (NYSE:GS) CEO David Solomon indicated the company is planning a new round of layoffs in his annual presentation to staff.

Solomon purportedly claimed that Goldman Sachs is doing a comprehensive review and, despite continued discussions, predicts a "headcount reduction in the first half of January."

According to Bloomberg, Solomon stated, "There are several factors influencing the corporate landscape, including tightening monetary circumstances that are constraining economic development." Our leadership team is focused on preparing the organization to face these obstacles.

The newspaper reported, citing sources with knowledge of the issue, that Goldman Sachs may eliminate up to 8% of its workforce, or up to 4,000 positions, to balance a fall in profits and revenue. However, the number could be decreased.

In addition, senior-level managers have apparently been tasked with identifying future cost-cutting objectives, despite the fact that no final job loss figures have been determined.

In his end-of-year address, Solomon stressed that the corporation must "continue with care" and handle its resources responsibly.