Yahoo TV

Goldman Sachs (GS) is reportedly slashing over 1,300 jobs, according to The Wall Street Journal. The Journal reporting the cuts are part of the bank's annual review process, where low-performing employees are culled.

The news is coming just about a month after the investment bank reported earnings, where it detailed second quarter profits soared 150% from a year ago.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Rachel Sherman