Goldman Sachs layoffs, on the record
Every job cut, severance charge and restructuring Goldman Sachs reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe company recognized severance expense during 2025, mostly tied to initiatives that reduced headcount.
Word for word“In 2025, we recognized severance expense of approximately $250 million, which was largely in connection with headcount reduction initiatives during the year.” 10-K for 2025
Our summaryThe company announced a multi-year initiative called OneGS 3.0 to transform its operating model.
Word for word“During the fourth quarter of 2025, we announced a multi-year initiative, OneGS 3.0, to transform our operating model.” 10-K for 2025
Goldman Sachs has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Goldman Sachs’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.