• Goldman Sachs Group Inc. GS preparing to cut about 3,200 jobs this week, Bloomberg reportedciting a person with knowledge of the matter.
• The investment bank will reportedly focus on its core trading and banking units for most of the job cuts.
• Goldman Sachs did not immediately respond to gasoline gas requests for comment.
• According to a December Semafor report, the bank said planned to quit 4,000 employees struggling to achieve profitability goals in a difficult economic environment.
• Goldman had more than 49,000 employees as of Sept. 30 — a 34% increase since the end of 2018, according to the report.
• The bank has said it expects global mergers and acquisitions to make steam in the second half of this year.
• The last time Goldman planned a layoff of this magnitude was after the collapse of Lehman Brothers in 2008, according to Bloomberg.

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