Internal restructuring
United Kingdom
London; Inner London; Inner London - East
Location of affected unit(s)
City of London
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

600 jobs
Number of planned job losses
Job loss
Announcement Date
23 October 2008
Employment effect (start)
Foreseen end date


Goldman Sachs, an investment bank, has announced that it is to cut 600 jobs from its current London workforce of 6,000. The company has attributed the cuts to the worsening global economic situation, although as of 26 October 2008 it has not announced when these jobs will be lost.


  • 23 October 2008: Financial Times
  • 24 October 2008: The Guardian


Eurofound (2008), Goldman Sachs, Internal restructuring in United Kingdom, factsheet number 67275, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67275.