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Companies Are Laying Off Workers to Control Costs. What 27 Said on Earnings Calls.

Por: MarketWatch Business February 19, 2023

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Consider investment banking giant (ticker: GS). Chief Financial Officer Denis Coleman, on Jan. 23 while discussing the fourth quarter earnings, said the bank exercised a head count reduction earlier this year, letting go of 3,200 employees, and “we expect to benefit in 2023 north of $200 million associated with that.” The credit bureau company, (EFX), on Feb. 9, said it plans to cut over 10% of its employees and contractors in 2023. The... + full article



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