| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-31 | reduction_in_force | completed | USD 250 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Firmwide headcount reduction initiatives executed during 2025. The approximately $250 million severance expense was stated as largely, not exclusively, in connection with these initiatives; no affected-employee count was disclosed. | ||||||
| 2025-12-31 | restructuring | announced | MD&A f5-10k / GLM-5.3-flash-HTML | OneGS 3.0: multi-year operating-model transformation announced during the fourth quarter of 2025, expected to drive expense efficiencies and create capacity for future growth; no headcount impact, charge amount, or completion date quantified. | |||||||
| 2025-12-31 | restructuring | in_progress | 2025-10-01 | Global | Firmwide | USD 250 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | OneGS 3.0 multi-year operating model transformation announced Q4 2025; ~$250M severance expense recognized in 2025 for headcount reduction initiatives. Employee count not disclosed. | |||
| 2025-12-31 | divestiture_reduction | completed | 2025-12-31 | United States | Platform Solutions | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | GM credit card program sold to another issuer during 2025; headcount impact not quantified. | ||||
| 2025-12-31 | divestiture_reduction | announced | 2025-12-01 | 2027-12-01 | United States | Platform Solutions | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to transition Apple Card program to another issuer; expected completion approximately 24 months. Headcount impact not quantified. | |||
| 2025-12-31 | acquisition_addition | completed | 2025-10-01 | 2026-01-31 | United States | Asset & Wealth Management | USD 665 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Industry Ventures acquisition ($665M plus up to $300M contingent consideration); closed January 2026. Headcount added not disclosed. | ||
| 2025-12-31 | acquisition_addition | announced | 2025-12-01 | 2026-06-30 | United States | Asset & Wealth Management | USD 2,000 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Innovator Capital Management acquisition (~$2.0B cash and equity); expected close Q2 2026 subject to regulatory approval. Headcount added not disclosed. | ||
| 2025-12-31 | restructuring | completed | 2025-12-31 | Global | Various | USD 250 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Severance expense recognized in connection with headcount reduction initiatives during the year. | |||
| 2025-09-30 | restructuring | completed | USD 170 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately $170M severance expense in nine months ended September 2025, largely from a headcount reduction initiative in Q2 2025. Employee count not disclosed. | ||||||
| 2025-09-30 | restructuring | announced | 2025-12-31 | Firmwide | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Multi-year initiative announced during Q4 2025 to transform operating model. Will constrain headcount growth through end of 2025 plus a limited reduction in roles. Employee count and charge not disclosed. | |||||
| 2025-09-30 | restructuring | in_progress | 2025-09-30 | 2025-12-31 | Global | Firmwide | USD 170 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Headcount reduction initiative in Q2 2025 with $170M severance expense. Q4 2025 announcement of 'OneGS 3.0' to constrain headcount growth through end of 2025 and limited role reductions. | ||
| 2025-06-30 | restructuring | in_progress | USD 140 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance expense of approximately $140 million recognized in H1 2025, substantially all tied to a headcount reduction initiative in Q2 2025. No employee count, geography, or completion date disclosed. Headcount decreased 2% vs March 2025 as a result. | ||||||
| 2025-06-30 | restructuring | completed | 2025-04-01 | 2025-06-30 | Global | Various | USD 140 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Headcount reduction initiative in Q2 2025; total headcount decreased 2% vs March 2025. | ||
| 2025-03-31 | restructuring | announced | 2025-03-31 | 2025-06-30 | Global | Firmwide | USD 150 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Planned headcount reduction expected in Q2 2025; number of employees affected not disclosed | ||
| 2025-03-31 | restructuring | announced | 2025-03-31 | 2025-06-30 | Global | Firmwide | USD 150 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Firm expects to record severance expense of approximately $150 million in Q2 2025 in connection with a planned reduction of headcount. | ||
| 2024-12-31 | divestiture_reduction | completed | Platform Solutions | MD&A f5-10k / GLM-5.3-flash-HTML | Sale of GreenSky was completed during 2024. MD&A notes year-over-year headcount growth of 3% was partially offset by the impact of the GreenSky sale, but the affected headcount was not quantified. | ||||||
| 2024-12-31 | divestiture_reduction | in_progress | 2025-09-30 | Platform Solutions — Consumer platforms | MD&A f5-10k / GLM-5.3-flash-HTML | Agreement entered during 2024 to transition the GM credit card program to another issuer as part of narrowing consumer-related activities; transition expected to be completed in the third quarter of 2025. Employee impact not quantified. | |||||
| 2023-12-31 | reduction_in_force | completed | Global | Firmwide | MD&A f5-10k / GLM-5.3-flash-HTML | Firmwide headcount reduction initiative executed during 2023; headcount fell 7% year over year to 45,300. Number of employees affected and severance charge not disclosed. | |||||
| 2023-12-31 | divestiture_reduction | announced | 2023 | 2024-03-31 | United States | Platform Solutions — Consumer platforms | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Agreement to sell GreenSky entered in Q4 2023; expected to close in Q1 2024. Majority of GreenSky installment loan portfolio sold in Q4 2023. Employee count affected not disclosed. Related 2023 charges included a $506 million intangible asset write-down and $504 million goodwill impairment. | |||
| 2023-12-31 | other | announced | 2023 | United States | Platform Solutions — Consumer platforms | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Q4 2023 agreement with General Motors on a process to transition the GM credit card program to another issuer selected by GM; workforce impact not disclosed. | ||||
| 2023-12-31 | divestiture_reduction | completed | 2023 | United States | Asset & Wealth Management | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Personal Financial Management (PFM) business sold during 2023; resulting headcount reduction not quantified. | ||||
| 2023-12-31 | restructuring | completed | Global | Firmwide | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Headcount decreased 7% from 48,500 (Dec 2022) to 45,300 (Dec 2023), primarily reflecting a headcount reduction initiative during the year. No specific employee count or severance charge disclosed for the initiative. | |||||
| 2023-12-31 | divestiture_reduction | in_progress | 2023-12-31 | 2024-03-31 | United States | Platform Solutions — Consumer platforms (GreenSky) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell GreenSky entered in Q4 2023, expected to close Q1 2024. No employee count disclosed. | |||
| 2023-12-31 | divestiture_reduction | announced | 2023-12-31 | United States | Platform Solutions — Consumer platforms (GM credit card program) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement with GM in Q4 2023 to transition their credit card program to another issuer. No employee count disclosed. | ||||
| 2023-12-31 | restructuring | completed | 2023 | 2023-12-31 | Global | Global | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Headcount decreased 7% compared with December 2022, primarily reflecting a headcount reduction initiative during the year. Specific employee count not disclosed. | |||
| 2023-09-30 | restructuring | in_progress | Global | Firmwide | USD 275 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Headcount reduction initiative during 2023; severance costs of approximately $275 million for nine months ended September 2023. Headcount fell 5% from December 2022 to 45,900. No specific employee count or announcement date disclosed. | ||||
| 2023-09-30 | restructuring | in_progress | 2023-01-01 | Global | Firmwide | USD 275 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Headcount reduction initiative during the year; severance-related costs included in compensation and benefits expenses were approximately $275 million for the first nine months of 2023. | |||
| 2023-06-30 | restructuring | in_progress | Global | Firmwide | USD 260 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Headcount decreased 8% from December 2022 to June 2023, primarily reflecting a headcount reduction initiative during H1 2023. Severance-related costs in compensation and benefits were approximately $260 million for H1 2023. Specific employee count and announcement date not disclosed. | ||||
| 2023-06-30 | restructuring | in_progress | USD 260 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Filer disclosed a headcount reduction initiative during the first half of 2023, resulting in an 8% decrease in headcount compared to December 2022. Severance-related costs included in compensation and benefits expenses were approximately $260 million for the six months ended June 2023. Specific employee count affected was not disclosed. | ||||||
| 2023-03-31 | restructuring | completed | Global | Firmwide | USD 220 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Headcount decreased 6% vs December 2022 due to a headcount reduction initiative during Q1 2023; severance-related costs were approximately $220 million. Specific employee count not disclosed. | ||||
| 2023-03-31 | restructuring | in_progress | 2023-03-31 | Global | Firmwide | USD 220 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Headcount decreased 6% compared with December 2022, primarily reflecting a headcount reduction initiative during the quarter. Severance-related costs included in compensation and benefits expenses were approximately $220 million. | |||
| 2022-12-31 | acquisition_addition | completed | Americas | Platform Solutions — Consumer platforms (point-of-sale financing) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | GreenSky, a technology company facilitating point-of-sale financing, acquired in an all-stock transaction completed during 2022; approximately 5.5 million common shares issued and $1.75 billion of equity delivered as consideration. Headcount added not quantified. MD&A attributes part of the 10% 2022 headcount growth to this acquisition. Combined purchase price of the GreenSky and NNIP acquisitions was $3.83 billion. | |||||
| 2022-12-31 | acquisition_addition | completed | Europe | Asset & Wealth Management — Asset management | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | NN Investment Partners (NNIP), a leading European asset manager, acquired in an all-cash transaction completed during 2022; contributed AUS inflows and higher operating expenses. Headcount added not quantified. MD&A attributes part of the 10% 2022 headcount growth to this acquisition. Combined purchase price of the GreenSky and NNIP acquisitions was $3.83 billion. | |||||
| 2022-12-31 | acquisition_addition | completed | Asset & Wealth Management — digital retirement advice | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | NextCapital Group, Inc., a digital retirement advice provider, acquired in an all-cash transaction completed during 2022; contributed AUS inflows. Headcount added not quantified. | ||||||
| 2022-12-31 | other | in_progress | United States | Asset & Wealth Management — direct-to-consumer digital banking (Marcus by Goldman Sachs) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Firm disclosed that it began a process to cease offering new unsecured consumer loans through Marcus by Goldman Sachs, which it previously issued through the direct-to-consumer platform. No headcount impact, associated charge, or completion timeline quantified in the filing. | |||||
| 2022-12-31 | acquisition_addition | completed | United States | Platform Solutions | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | GreenSky (all-stock), NN Investment Partners (all-cash), and NextCapital Group (all-cash) completed during 2022 with aggregate purchase price of $3.83 billion. No headcount added through these acquisitions is disclosed. MD&A notes headcount increased 10% during 2022 primarily reflecting investments in growth initiatives and the acquisitions of NNIP and GreenSky. | |||||
| 2022-12-31 | acquisition_addition | completed | Europe | Asset & Wealth Management | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | NNIP, a European asset manager, acquired in an all-cash transaction during 2022. No headcount added is disclosed. | |||||
| 2022-12-31 | acquisition_addition | completed | 2022-12-31 | Global | Asset & Wealth Management; Platform Solutions | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Headcount increased 10% primarily reflecting investments in growth initiatives and acquisitions of NNIP and GreenSky. | ||||
| 2022-03-31 | acquisition_addition | completed | United States | Consumer & Wealth Management | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | GreenSky acquisition completed March 2022; headcount increase attributed primarily to this acquisition. No specific employee count disclosed. | |||||
| 2019-12-31 | acquisition_addition | completed | 2019 | Consumer & Wealth Management (wealth management) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Closed during the third quarter of 2019; MD&A attributes part of the 5% year-end headcount growth to this acquisition. Goodwill increase of $398 million was attributed to United Capital. The 2019 cash flow statement reports $803 million of net cash used for business acquisitions in total, which also covers the SPIAS and Rocaton acquisitions and is not attributed solely to United Capital. Other 2019 acquisitions (SPIAS, Rocaton) are disclosed but with no headcount attribution. | |||||
| 2016-12-31 | restructuring | completed | 7% | Firmwide | Firmwide | MD&A f5-10k / GLM-5.3-flash-HTML | Filer describes a firmwide expense savings initiative completed during 2016 (amid a challenging first half) that reduced annual run rate compensation by approximately $900 million; net 2016 savings after severance and other related costs were approximately $500 million. Year-end total staff decreased 7% during 2016, which the filer attributes to expense savings initiatives. No discrete employee-affected count or severance charge amount is disclosed. | ||||
| 2016-12-31 | restructuring | completed | Global | Firmwide | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Expense savings initiative completed in first half of 2016 reduced annual run-rate compensation by approximately $900 million; net 2016 savings after severance and related costs were approximately $500 million. Total staff decreased 7% during 2016 (from 36,800 to 34,400). | |||||
| 2016-12-31 | restructuring | completed | 2016-06-30 | 2016-12-31 | Global | All segments | USD 500 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Initiative identified areas to operate more efficiently, resulting in reduction of approximately $900 million in annual run rate compensation. Net savings for 2016 were approximately $500 million after severance and other related costs. Total staff decreased 7% during 2016 due to expense savings initiatives. | ||
| 2016-06-30 | restructuring | completed | Global | Firmwide | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Efficiency initiative completed during Q1 and Q2 2016 reducing annual run-rate compensation by approximately $700 million; expected net 2016 savings exceeding $350 million after severance. No employee count disclosed. Total staff decreased 5% during Q2 2016. | |||||
| 2016-06-30 | restructuring | completed | Global | Firmwide | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Initiative completed in Q1 and Q2 2016 identifying areas for efficiency, resulting in $700 million reduction in annual run rate compensation. Expected net savings for full year 2016 exceed $350 million after severance and related costs. Specific headcount reduction not disclosed. | |||||
| 2014-12-31 | divestiture_reduction | completed | Investing & Lending | USD 22 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Firm completed the sale of consolidated investment Metro International Trade Services LLC in December 2014; affected headcount not disclosed. Associated charge is a $22 million goodwill impairment recorded in connection with the sale (included in depreciation and amortization within the Investing & Lending segment). | |||||
| 2014-12-31 | acquisition_addition | completed | Investment Management | MD&A f5-10k / GLM-5.3-flash-HTML | Acquisition of Deutsche Asset & Wealth Management's stable value business completed during 2014, adding $19 billion of fixed income assets under supervision; headcount added was not disclosed. | ||||||
| 2014-12-31 | acquisition_addition | completed | Investment Management | MD&A f5-10k / GLM-5.3-flash-HTML | Acquisition of RBS Asset Management's money market funds completed during 2014, adding $6 billion of liquidity-product assets under supervision; headcount added was not disclosed. | ||||||
| 2013-12-31 | divestiture_reduction | completed | 2012 | 2013-04 | Americas | Institutional Client Services | other f5-10k / GLM-5.3-flash-HTML | Americas reinsurance business classified as held for sale in Q4 2012; sale of a majority stake completed April 2013 and business deconsolidated with an approximately 20% retained interest. Employee headcount affected was not disclosed. | |||
| 2013-12-31 | divestiture_reduction | completed | 2013-12 | 2013-12 | Europe | other f5-10k / GLM-5.3-flash-HTML | Firm completed the sale of a majority stake in its European insurance business in December 2013, recognizing a gain of $211 million and retaining an approximately 36% interest at fair value. Employee headcount affected was not disclosed. | ||||
| 2013-12-31 | divestiture_reduction | completed | 2013-04-30 | 2013-04-30 | Americas | Institutional Client Services — Americas reinsurance business | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Majority stake sold April 2013; business no longer consolidated. Headcount impact not disclosed. | |||
| 2013-12-31 | divestiture_reduction | completed | 2013-12-31 | 2013-12-31 | Europe | Institutional Client Services — European insurance business | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Majority stake sold December 2013; business no longer consolidated. Headcount impact not disclosed. | |||
| 2013-12-31 | acquisition_addition | completed | 2013-12-31 | 2013-12-31 | United States | Investment Management | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition completed during 2013; contributed $34 billion of fixed income asset inflows. Headcount added not disclosed. | |||
| 2012-12-31 | restructuring | in_progress | 2011-04 | MD&A f5-10k / GLM-5.3-flash-HTML | Firmwide efficiency initiative launched in Q2 2011; targeted annual run rate compensation and non-compensation reductions of approximately $1.9 billion announced in aggregate during 2012 and 2011. Specific headcount reductions not quantified; total staff declined 3% during 2012 (from 33,300 to 32,400). The $1.9 billion is a targeted run-rate reduction, not a recognized severance charge. | ||||||
| 2011-12-31 | restructuring | in_progress | 2011-04 | Global | Firmwide | MD&A f5-10k / GLM-5.3-flash-HTML | Efficiency initiative launched during Q2 2011 (date approximated to quarter start) targeting roughly $1.4 billion of annual run rate compensation and non-compensation expense reductions; no employee headcount impact was quantified. Total staff declined 7% during 2011. | ||||
| 2011-12-31 | divestiture_reduction | completed | 2011-01 | 2011-09 | United States | Institutional Client Services | USD 220 (millions) | other f5-10k / GLM-5.3-flash-HTML | Residential mortgage servicing subsidiary Litton Loan Servicing LP classified as held for sale in Q1 2011 (date approximated) and sold to a third-party purchaser in Q3 2011 (completion approximated to quarter end); roughly $220 million impairment recognized in Q1 2011. No employee count tied to the divestiture was disclosed. | ||
| 2011-09-30 | restructuring | in_progress | 2011-06-30 | 2011-12-31 | Global | All segments | USD 1 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Initiative to identify areas to operate more efficiently and reduce operating expenses. Estimated $1.4 billion in annual run rate compensation and non-compensation reductions. Achieved through reduction in total staff and planned expenditures. | ||
| 2008-11-28 | other | completed | USD 275 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Filing discloses approximately $275 million of severance costs incurred in the fourth quarter of fiscal 2008 (Aug 30 - Nov 28, 2008), excluded from the reported compensation ratio; no affected headcount or named program is disclosed. MD&A separately notes employment levels fell 8% during the fourth quarter (year-end headcount down 1% from November 2007). No restructuring footnote is presented in the financial statements. | ||||||
| 2008-11-28 | restructuring | completed | 2008-11-28 | Global | Firmwide | USD 275 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | MD&A cites severance costs of approximately $275 million in the fourth quarter of 2008 and states employment levels fell 1% vs. November 2007, including an 8% decrease during the fourth quarter; no employee count or formal program is disclosed. | |||
| 2008-11-28 | restructuring | completed | Global | All businesses | USD 275 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Firm reduced number of employees across nearly all businesses during latter portion of the year; severance costs of approximately $275 million incurred in fourth quarter. | ||||
| 2008-08-29 | acquisition_addition | completed | United States | Asset Management and Securities Services | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A attributes part of the 7% employment-level increase over the first nine months of 2008 to the acquisition of Litton Loan Servicing LP; no headcount figure is disclosed. Seasonal school hires also contributed to the increase. | |||||
| 2008-05-30 | acquisition_addition | completed | United States | Asset Management and Securities Services | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A states employment levels increased 3% during the first half of 2008 due to the acquisition of Litton Loan Servicing LP; no specific headcount figure disclosed. | |||||
| 2008-02-29 | acquisition_addition | completed | United States | Asset Management and Securities Services | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A states employment levels rose 4% during the quarter, driven mainly by the Litton Loan Servicing LP acquisition; no employee count is disclosed for the acquisition. | |||||
| 2006-11-24 | acquisition_addition | completed | 2005-12-30 | 2005-12-30 | United States | Trading and Principal Investments — Equities (Insurance Activities) | other f5-10k / GLM-5.3-flash-HTML | Fiscal 2006 acquisition of the closed-block variable annuity and variable life insurance business of The Hanover Insurance Group, Inc. (formerly Allmerica Financial Corporation), dated December 30, 2005 (within fiscal 2006). Headcount added was not disclosed. Consolidated cash flows report $1,661 million of business acquisitions, net of cash acquired, in fiscal 2006, not attributed in the filing to this transaction. | |||
| 2005-11-25 | acquisition_addition | completed | United States | Trading and Principal Investments — power generation | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of National Energy & Gas Transmission, Inc. (NEGT) closed during fiscal 2005 with purchase price allocation adjustments for NEGT and Cogentrix; exact closing date and headcount added not disclosed. | |||||
| 2005-11-25 | acquisition_addition | completed | 2005-08-01 | 2005-12-30 | United States | Asset Management | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement entered August 2005 to acquire the variable annuity and variable life insurance business of The Hanover Insurance Group (Allmerica); closed 2005-12-30 after fiscal year-end at ~$271 million upfront plus ~$34 million over three years. Headcount added not disclosed; announcement month only (day inferred as first of month). | |||
| 2004-11-26 | other | completed | Global | Corporate / Real Estate | USD 41 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Firm reduced global office space during fiscal 2004; exit costs of $41 million recorded in occupancy and depreciation and amortization. No associated headcount reduction is disclosed; further exit costs may be incurred in 2005 and thereafter. | ||||
| 2004-11-26 | acquisition_addition | completed | China | Investment Banking | USD 62 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Establishment of Goldman Sachs Gao Hua Securities Company Limited, an investment banking and securities venture in China; $62 million recorded as an unallocated fiscal 2004 expense. No headcount associated with the venture is disclosed. | ||||
| 2003-11-28 | acquisition_addition | completed | 1,037 | 2003-07-01 | United States | Asset Management | MD&A f5-10k / GLM-5.3-flash-HTML | The Ayco Company, L.P., a fee-based financial counseling provider acquired July 1, 2003, added 1,037 employees included in the 19,476 year-end headcount; excluding Ayco, employment levels were down about 7% from November 2002. Ayco goodwill was recorded primarily in the Asset Management segment. No acquisition charge is separately attributed to headcount in the disclosure. | |||
| 2003-11-28 | acquisition_addition | completed | 1,037 | 2003-07-01 | 2003-07-01 | United States | Asset Management | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Headcount added through the combination with The Ayco Company, L.P., a fee-based financial counseling provider, completed July 1, 2003; included in the 19,476 year-end total. Excluding Ayco, employment levels were down 7% from November 2002. | ||
| 2003-11-28 | acquisition_addition | completed | 1,037 | 2003-07-01 | United States | Asset Management | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Includes 1,037 employees associated with the combination with Ayco, a provider of fee-based financial counseling, in July 2003. | |||
| 2003-08-29 | acquisition_addition | completed | 1,028 | 2003-07-01 | United States | Asset Management and Securities Services | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Headcount added through the July 1, 2003 acquisition of The Ayco Company, L.P.; MD&A attributes the 6% quarterly rise in employment levels primarily to these employees, with levels essentially unchanged excluding Ayco. | |||
| 2003-08-29 | acquisition_addition | completed | 1,028 | 2003-07-01 | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Headcount increase due to inclusion of employees from the acquisition of Ayco. | |||||
| 2002-11-29 | other | completed | 13% | MD&A f5-10k / GLM-5.3-flash-HTML | Firmwide net 13% decline in employment levels versus November 2001, attributed to expense-reduction initiatives and lower discretionary compensation; no discrete reduction-in-force program, affected-employee count, or associated charge disclosed. | ||||||
| 2002-11-29 | other | in_progress | 13% | Global | Firmwide | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Filer states employment levels decreased 13% from November 2001 (22,677 to 19,739) as part of cost-containment and expense-reduction initiatives first implemented in 2001. No discrete program name, affected-employee count, severance charge, or completion timeline is disclosed; percent is the disclosed year-over-year headcount decline, not a program-specific figure. | ||||
| 2001-11-30 | acquisition_addition | completed | 2,600 | 2000-10-31 | 2000-10-31 | United States | Securities clearing, execution and market making | USD 290 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Combination completed October 31, 2000 (prior fiscal year); 2,600 employees included in the 22,627 headcount at November 2000. The $290 million charge relates to a $702 million RSU retention pool for SLK employees and was recognized in fiscal 2000, not fiscal 2001. Retained here as the acquisition-related headcount addition referenced in the current filing. | |
| 2001-11-30 | acquisition_addition | completed | 2,600 | 2000-10-31 | 2000-10-31 | Global | Asset Management and Securities Services | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Headcount added related to the combination with SLK LLC, completed October 31, 2000. | ||
| 2001-05-25 | acquisition_addition | completed | United States | Global Capital Markets; Asset Management and Securities Services | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Inclusion of Spear, Leeds & Kellogg, L.P. (SLK) drove part of the 39% increase in employment levels; no headcount added is quantified. Goodwill/intangible amortization of $64 million (quarter) and $126 million (six months) relates to the SLK acquisition. | |||||
| 2001-02-23 | acquisition_addition | announced | 2001-03-19 | 2001-03-19 | United States | Global Capital Markets — equities specialist operations (NYSE floor) | USD 250 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Completed acquisition of Benjamin Jacobson & Sons, LLC for approximately $250 million in stock and cash; approximately 1.45 million common shares issued (Part II, Item 2). No employee count disclosed. | ||
| 2000-11-24 | acquisition_addition | completed | 2,600 | United States | Securities clearing and execution, floor-based and off-floor market making | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Combination with SLK LLC completed October 31, 2000; 2,600 employees included in year-end headcount of 22,627. | ||||
| 2000-11-24 | acquisition_addition | completed | 2,600 | 2000-10-31 | 2000-10-31 | Global | Securities Clearing and Execution | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Combination with SLK LLC completed on October 31, 2000. Includes 2,600 employees. | ||
| 2000-08-25 | acquisition_addition | announced | 2000-09-11 | 2000-12-31 | United States | Securities clearing and execution; floor-based and off-floor market making | USD 900 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Combination with Spear, Leeds & Kellogg, L.P. announced after quarter close; consideration includes ~34 million GS shares and ~$2 billion cash, plus a $900 million GS stock retention pool for all SLK employees with varying vesting. No SLK headcount figure disclosed; expected to close before year-end subject to regulatory approvals. Charge value shown is the retention pool, not a severance charge. | ||
| 1999-11-26 | acquisition_addition | completed | 1999-09-24 | Global | Global Capital Markets — Equities (electronic market making) | USD 187 (millions) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Date shown is the completion date; no separate announcement date disclosed. The Hull Group acquired 1999-09-24; 4,024,637 common shares issued as part consideration. Headcount added not disclosed. Charge is FY1999 consolidated cash paid for acquisitions, net of cash acquired, attributed primarily to The Hull Group per consolidated cash flow statement. | |||
| 1999-11-26 | acquisition_addition | completed | 1999-09-24 | 1999-09-24 | Global | Equities / Electronic Market Making | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of The Hull Group completed September 24, 1999; headcount added not disclosed. 4,024,637 shares of common stock issued in connection with the acquisition. |