Despite not foreseeing a recession or bear market, Goldman Sachs will lay off about 2,500 people.

Goldman Sachs to layoff approx ~2,500 in latest job cut announcement coming as soon as October $GS

— Don Johnson (@DonMiami3) September 8, 2023

As inflation cools and employment remains resilient, a US economic downturn is becoming less likely. Goldman Sachs economists cut their 12-month recession probability to 15%, down five percentage points from their prior estimate. The forecast is far below the Bloomberg consensus… pic.twitter.com/blCmLyChUS

— Mike Shell (@MikeWShell) September 8, 2023

🇺🇸 S&P 500

Goldman Sachs forecast for S&P 500 EPS is $237 in 2024, and its S&P 500 price target is still 4,500 by the end of 2023
👉 https://t.co/yIk7SZYp6p

h/t @GoldmanSachs #markets #EPS #earnings #spx#sp500 $spx $spy #stocks #stockmarket #equities pic.twitter.com/mbLmuYZPtH

— ISABELNET (@ISABELNET_SA) August 15, 2023