Goldman Sachs Joins, Growing Number of Top Companies , to Lay Off Thousands.br CNN reports that sources say Goldman Sachs (GS) is br getting ready to lay off up to 3,200 employees this br week amid an uncertain economic and market climate. .br CNN reports that sources say Goldman Sachs (GS) is br getting ready to lay off up to 3,200 employees this br week amid an uncertain economic and market climate. .br According to one source, over a third of br the layoffs are expected to be from br the bank's trading and banking units.br The source also said that hiring for roles in other br areas is expected to continue and a new br analyst role will start as planned later this year.br CNN reports that GS had br approximately 49,100 employees br as of the end of the third quarter. .br Amid the pandemic recovery, br the bank added thousands of jobs as br the market and investment banking surged.br Efforts by the Federal Reserve to reign in skyrocketing br inflation has caused companies to conserve cash br amid growing fears of a global recession.br Efforts by the Federal Reserve to reign in skyrocketing br inflation has caused companies to conserve cash br amid growing fears of a global recession.br As a result, GS saw its br revenue drop 12 during br the third quarter of 2022. .br CNN reports that revenue br for investment banking br has plummeted 57 br compared to 2021.br The reported layoffs come as other br banks and top companies brace for br what is expected to be a chaotic year.br Earlier this month, br Amazon announced plans to br lay off over 18,000 employees.br Meanwhile, Morgan Stanley br have also started layoffs amid br an uncertain business environment.