Fixed income and investment banking will be among the areas suffering cuts.

Goldman Sachs, at its highest workforce level, is planning on cutting jobs. Although the WSJ reports that Goldman Sach’s CFO David Viniar “indicated he expected the company’s head count to be flat or higher for the rest of the year”, Goldman is planning on reducing 10% of its workforce, the bank confirmed after several media outlets reported the news on Thursday.

The cuts would amount to approximately 3,300 jobs. Goldman employed 32,569 worldwide at the end of August, according to the NYT

London and New York will likely take the biggest cuts, according to the FT.

The biggest question is whether those laid off employees would receive a bonus, which is due to be paid out early next year. An anonymous source told the Times Online that the unlucky 10% will not be eligible for “any portion of the bonus as part of their compensation for loss of office.”

The NYT also reported that Goldman made cuts in support staff and junior bankers in June.