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In this article GS Follow your favorite stocks CREATE FREE ACCOUNT David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, US, on Tuesday, Dec. 6, 2022.  Michael Nagle | Bloomberg | Getty Images Goldman Sachs , the storied investment bank, plans on cutting up to 8% of its employees as it girds for a tougher environment next year, according to a person with knowledge of the situation. The layoffs will impact every division of the New York-based bank and will likely happen in January, according to the person, who declined to be identified speaking about personnel decisions. That's ahead of an upcoming conference for Goldman shareholders in which management is expected to present performance targets. The bank's planning is ongoing, and the round could be smaller than that, the person added. Goldman Sachs CEO David Solomon indicated that he was looking to rein in expenses at...

Starbucks workers around the U.S. are planning a three-day strike starting Friday as part of their effort to unionize the coffee chain’s stores. More than 1,000 baristas at 100 store s are planning to walk out, according to Starbucks Workers United, the labor group organizing the effort. The strike will be the longest in the year-old union ization campaign. This is the second major strike in a month by Starbucks’ U.S. workers. On Nov. 17, workers at 110 Starbucks stores held a one-day walkout. That effort coincided with Starbucks’ annual Red Cup Day, when the company gives reusable cups to customers who order a holiday drink. Starbucks employees plan one-day strike on annual Red Cup Day Nov. 18, 2022 00:50 More than 264 of Starbucks’ 9,000 company-run U.S. stores have voted to unionize since late last year. Starbucks opposes the union ization effort, saying the company functions better when it works directly with employees. But the company said last month that it respects employees’ ...