It's not only Goldman Sachs that is readying layoffs other majors also in same plans
Massive job cuts on the cards due to the declining profits, raising inflation, higher utility cost will further worsen the margins of major corporates.
In case of recession matured major industries do not attract new capital because of low returns, thereby reducing opportunities.
Mature companies with large amounts of capital invested and brand recognition may also try to fend off new competitors in their markets.
The players are tightnening their expenditure, and many majors have announced layoffs / job cuts.
Warner Bros Discovery Goldman Sachs Credit Suisse HCL Packable Holdings LLC
VF Corporation Gannet Amazon Pentair Wayfair Peloton
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