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Goldman Sachs building in New Jersey

Goldman Sachs has announced it will cut at least 400 more jobs as the global economy continues to shrivel.

The layoffs are slated from the company’s retail banking operations, according to a report by Bloomberg Law.


In addition, Goldman announced plans to stop originating unsecured consumer loans, a source told Reuters, a move that followed the company’s transfer of its six-year-old Marcus consumer unit into the bank’s wealth management arm.

Goldman Sachs already slashed 500 positions this past September.

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Hana Levi Julian is a Middle East news analyst with a degree in Mass Communication and Journalism from Southern Connecticut State University. A past columnist with The Jewish Press and senior editor at Arutz 7, Ms. Julian has written for, and other media outlets, in addition to her years working in broadcast journalism.