Goldman Sachs to make performance-based job cuts in April: Report

Global investment bank Goldman Sachs plans to ​cut a small number of underperforming ‌staff in April, Reuters reported. The cuts are ​not part of its regular annual ​culling, dubbed internally as "strategic resource assessment", under ⁠which the Wall Street firm traditionally ​cuts between 1% and 3% of staff, it added. Meanwhile, Morgan Stanley recently laid off roughly 2,500 ⁠employees.