Goldman Sachs, GS, has begun to cut up to 3,200 jobs in one of its largest layoffs since 2008

Goldman Sachs, GS, has begun to cut up to 3,200 jobs in one of its largest layoffs since 2008.

This is roughly 6% of workforce, per NYT.

Goldman Sachs is reportedly to tell emplloyees on Wednesday.

It employed 49,100 people at the end of September.

In October, Goldman Sachs announced restructuring that folded Marcus, its consumer-banking business, into a new division combined with its asset and wealth management businesses.

Goldman also recently restarted the practice of laying off underperforming employees.