The investment banking giant stands by its practice of regular staff cuts often called its ‘annual cull,’ trying to cut between 3 and 5 percent of its workforce of 46,500.

Goldman Sachs plans to trim its staffing by 3% to 5% in an annual performance review process this spring, said a source familiar with the matter who declined to be identified discussing personnel matters.

The issue was discussed by CEO David Solomon and the bank’s partners at their annual meeting in Miami earlier this month, multiple sources told The Post.

Wall Street investment bank Goldman Sachs (GS) is planning to cut up to 5% of its global workforce with a focus on its vice presidents.Discover

Goldman Sachs trims its staff, cutting what it deems to be the underperformers. This year, VPs stand to be big targets, BI has learned.

Goldman Sachs Group Inc. is about to start its annual round of job cuts, moving the exercise to earlier in the year after previous reductions took place in the latter half.

Goldman Sachs is preparing to reduce its workforce by 3% to 5% as part of its annual performance review, according to a source familiar with the matter. This decision could result in more than 1,395 job losses,

Goldman Sachs is reportedly planning to trim its headcount by 3% to 5% during its annual performance review this spring, potentially leading to more than 1,300 job cuts, including under-performing vice presidents.