Goldman Sachs (GS.US) investment banking business rebounded beyond expectations, cancelling the second round of massive layoffs of 46,000 employees scheduled for this year.

According to the Wisdom Finance APP, it was reported on July 24th that Goldman Sachs (GS.US) has decided not to conduct a second large-scale performance-based layoff for its 46,000 employees this year, as its investment banking business has performed better than expected. The response from Goldman Sachs on this news is pending.