Goldman Sachs Group Inc. is preparing to implement performance-based job cuts in April, according to a person familiar with the matter. The layoffs represent part of the investment bank's ongoing workforce management practices.

Separately, Goldman Sachs analysts have identified upside risks to oil prices in both the near term and extending into 2027. The investment bank's commodities team flagged factors that could drive oil prices higher than current market expectations.

The job cuts are expected to be based on employee performance evaluations, following standard practices at major Wall Street firms. Goldman Sachs, like other investment banks, regularly conducts performance reviews that can result in workforce adjustments.

The oil price outlook reflects Goldman's assessment of supply and demand dynamics in global energy markets. The bank's analysts are projecting scenarios where oil prices could exceed current forecasts due to various market factors.

Goldman Sachs has not provided specific details about the number of employees affected by the planned layoffs or the exact factors driving their bullish oil price projections. The timing of the job cuts in April aligns with typical annual review cycles at major financial institutions.