Goldman Sachs planning of job cuts.
Goldman Sachs plans fresh round of job cuts, to dismiss underperformers by next month.
See more comments
Why are they struggling? Is the retail side not doing good? I thought they were bullish on the apple partnership?
Also gs recruiter reached out on LinkedIn just last week so not sure.
majboormajdoor
Stealth
a year ago
It's Roadies
At the end of every year, they have a vote out to ensure that the loot spoils are distributed over a smaller base. That's why their variable comp is higher than other banks
baffledwaffle
Stealth
a year ago
@Elon_Musk didn’t the come out of the Apple partnership, like they lost > $1B, remember reading something like that.
See more comments
GS continuing to cut jobs feels like good times may not really be so close around, contrary to our hope that they will be
PerfectPower
Stealth
a year ago
There’s always this one motherfucker without empathy. You sir are one of them.
Along with 11 others who liked it. Hehehe.
Aadat ho gaya hai.
I don't take corp life seriously.
All it's worth is an entry in an Excel sheet.
SabChangaSi
Stealth
a year ago
How are things at the Indian conglomerates like TCS?
Hiring is slow but once macroeconomics improve ops margin and revenue will rise.
Investing heavily in upskilling like ai, cloud etc and also creating a diverse skilled pool.
After USA elections and Ukraine war stops...Indian IT conglomerate will see zenith again
This is an annual exercise that the bank does, as part of performance reviews, according to a source familiar with the matter. The bank reinstated the review last year after it was halted during the pandemic in 2020 and 2021.
- https://www.reuters.com/business/finance/goldman-sachs-plans-fresh-round-job-cuts-underperformers-ft-2023-09-08/
First silicon valley bank collapses, now this news..It seems like the layoff saga will continue till the end of this year...Beware Winter is coming...
BaatMaan
Stealth
a year ago
Toh abhi tak kya chal raha tha???
punydrama
Stealth
a year ago
rainy season? fog?
This is a yearly exercise but the 1-5% range seems odd, usually per year it’s around 1-2% of the org. The big layoffs in january were 6% of the then size, 5% on top of that in the name of performance, coupled with the kind of attrition we’ve had this year…
mangoman
Stealth
a year ago
Goldman sacks.
Discover More
Curated from across
News Discussion on
by DrProduct
Amazon
Goldman Sachs announced one of the largest reshuffles; its not just tech but other industries are affected too it seems
https://www.wsj.com/articles/goldman-plans-sweeping-reorganization-combining-investment-banking-and-trading-11665973368
The Wall Street firm will combine its flagship investment-banking and trading businesses into one unit, while merging asset and wealth manag...
https://www.wsj.com/articles/goldman-plans-sweeping-reorganization-combining-investment-banking-and-trading-11665973368