Goldman Sachs is cutting up to 3,200 employees this week as Wall Street girds for tough year

(CNBC) Goldman Sachs is laying off fewer employees than feared, but the cut is still a deep one. The global investment bank is letting go of as many as 3,200 employees starting Wednesday, according to a person with knowledge of the firm’s plans. That amounts to 6.5% of the 49,100 employees Goldman had in October, which is below the 8% reported last month as the upper end of possible cuts.

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