Goldman Sachs decides not to carry out a second round of layoffs.

The Financial Times cited unnamed sources as saying that Goldman Sachs has decided not to carry out a second round of performance-based layoffs this year, as the recovery in investment banking has exceeded expectations. The increase in investment banking fees and client engagement, along with continued strong performance in the trading department, has led the company, which employs around 46,000 staff, to decide against further layoffs.