Goldman Sachs is reportedly planning to trim its headcount by 3% to 5% during its annual performance review this spring, potentially leading to more than 1,300 job cuts, including under-performing vice presidents.

Wall Street investment bank Goldman Sachs (GS) is planning to cut up to 5% of its global workforce with a focus on its vice presidents.Discover

Goldman Sachs is gearing up for its annual workforce reduction, with plans to trim between 3% and 5% of its employees, marking a shift in timing for the firm's regular personnel cuts. Unlike previous years, when these layoffs typically occurred in the second half of the year, this round is expected to take place in the spring.

Goldman Sachs Group Inc. is about to start its annual round of job cuts, moving the exercise to earlier in the year after previous reductions took place in the latter half. The New York-based bank will look to cut between 3 percent to 5 percent of staff — broadly in line with prior culls — according to a person familiar with the matter,

By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs plans to trim its staffing by 3% to 5% in an annual performance review process this spring, said a source familiar with the matter who declined to be identified discussing personnel matters.

Goldman Sachs Group Inc. is about to start its annual round of job cuts, moving the exercise to earlier in the year after previous reductions took place in the latter half.