In contrast to broader trends of job cuts in financial services, Goldman Sachs recently canceled a planned second round of layoffs following a surprisingly strong Q2 2025 profit of $3.72 billion and robust investment banking/trading revenues (~$4.3 billion). Earlier in 2025, Goldman had reduced headcount by around 3–5% as part of a strategic assessment. But the decision to halt further cuts signals resilience in key revenue streams and a willingness to retain talent in core front‑office business lines
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