Network Analyst

Any clarity on which all teams affected in Bangalore?

Analyst

Goldman Sachs laying off a big chunk of their workforce, about 4000!

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Layoffs

Software Engineer

Layoffs- Grapevine

Apparently a huge Goldman Sachs layoff is about to come soon. 

The company has taken a huge cost reduction target 

https://www.dailymail.co.uk/news/article-11581161/Goldman-Sachs-CEO-David-Solomon-warns-mass-layoffs-just-weeks-away.html

Layoffs may hit finance soon

Product Marketing Manager

As of now 10 members laid off in consumer banking division in Hyderabad.

Layoffs Started in Goldman Sachs

Goldman Sachs plans fresh round of job cuts, to dismiss underperformers by next month.

Goldman Sachs planning of job cuts.

Project Coordinator

https://www.reddit.com/r/FinancialCareers/s/Mgw1iOMZwh

Citi layoff 7000

Software Developer

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Hey I need a referral for a role . Can someone please refer me? Please reply in thread. Thanks

Anyone from Goldman Sachs?

Product Intern

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 management into another.

WSJ News Exclusive | Goldman Plans Sweeping Reorganization, Combining Investment Banking and Trading

Goldman Sachs announced one of the largest reshuffles; its not just tech but other industries are affected too it seems

https://www.thehindu.com/sci-tech/technology/ibm-layoff-hits-thousands-as-company-tries-to-keep-it-under-wraps/article68672900.ece/amp/

IBM layoffs hit 1000s

Saw this article https://m.economictimes.com/news/international/business/morgan-stanley-plans-more-job-cuts-us-media/amp_articleshow/99919947.cms

Is Morgan stanley laying off?

Analytics Manager

From the last few days there were talks going on about layoffs in Morgan Stanley. Some 7% of the global staff will be handed over the pink slip in this week. 
Well... It started happening from today ... Few colleagues from my department were laid, and the reason being "company is trying to survive in the market, company is planning the road ahead by taking such bold steps".
When this was announced, my anxiety shot up the next level and I couldn't wait for the meeting to finish.
The past few years have not been great for the business worldwide due to which many companies are forced to take such steps. These companies just have been doing a hiring spree from the last 1-2 years that now they are regretting their decisions and letting off their employees.
My question is - "If a company hires excessively during the bull market and is forced to lay off few of the employees during the downturn, has the company made an error by not evaluating the headcount or it was just simply the need of the hour" 
 
Please note - I know many people out there who have faced job cuts due to many factors, sincerely requesting people to take this matter very seriously

Layoffs - A complete mess made by the companies

Google parent Alphabet on January 20 announced that plans to cut about 12,000 jobs or 6% of its global workforce, Bloomberg reported.

Google parent Alphabet to lay off 12,000 employees, 6% of total workforce

Google to lay off 12,000 employees worldwide

Founder

JP Morgan lays off 1000+ employees at Newly acquired First Republic Bank 

https://www.forbes.com/sites/brianbushard/2023/05/26/spring-2023-layoff-tracker-jpmorgan-cuts-1000-first-republic-employees/

Now even Banks aren't able to escape Layoffs

Data Scientist

Can we please share the companies which are laying off and kind of roles laid off?

1. Goldman Sachs -Consumer Banking 
2. Twitter -Marketing 
If you have any other companies also please post in comments

List of companies laying off employees in India

Product Owner

Will be done by end of June. Insider folks. Do you have any news?

Morgan Stanley 3000 cuts Q2

Test Engineer

https://www.cnbc.com/2024/08/19/gm-lays-off-more-than-1000-salaried-software-and-services-employees.html

GM layoffs 1000

Welcome to Personal Finance's Private Community

They've hired Boston Consulting Group to help them carry out their plan. The plan is to cut atleast 10% in major units. The project is termed Project Bora Bora. 

They will be eliminating regional managers, co-heads and other employees with overlapping responsibilities.

Chief of staffs and chief administrative officers will be cut this month. Operations staff who aided divisions that have been divested or reorganized are also at higher risk of layoffs.

Citi Bank is reportedly going to cut 24,000 jobs worldwide

The Consultant life is all about chilling and billing. You chill and then you bill for the chaos

Product Manager

DevOps Engineer

Not sure if true, heard from my contact Morgan Stanley (MS) will be laying off 3K employees? Not sure if this is from a global count or specific region? Can someone confirm please?

From the last few days there were talks going on about layoffs in Morgan Stanley. Some 7% of the global staff will be handed over the pink slip in this week. 
Well... It started happening from today ... Few colleagues from my department were laid, and the reason being "company is trying to survive in the market, company is planning the road ahead by taking such bold steps".
When this was announced, my anxiety shot up the next level and I couldn't wait for the meeting to finish.
The past few years have not been great for the business worldwide due to which many companies are forced to take such steps. These companies just have been doing a hiring spree from the last 1-2 years that now they are regretting their decisions and letting off their employees.
My question is - "If a company hires excessively during the bull market and is forced to lay off few of the employees during the downturn, has the company made an error by not evaluating the headcount or it was just simply the need of the hour" 
 
Please note - I know many people out there who have faced job cuts due to many factors, sincerely requesting people to take this matter very seriously

Citigroup Inc is laying off less than 1% of its workforce, excluding its remediation team working on a consent order, people familiar with the matter said on Thursday.

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