Goldman Sachs to lay off over 1,300 employees, WSJ reports

(Reuters) -Goldman Sachs plans to cut more than 1,300 employees from its global workforce as part of an annual review process to cull low performers, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The bank will likely cut between 3% and 4% of its workforce across various divisions, the report said, adding that the layoffs have already started and will continue through the fall.

Goldman Sachs did not immediately respond to a Reuters request for comment.