Layoffs Started in Goldman Sachs

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

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

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

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

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After the recent acquisition by UBS. How's the scenario for the current employees of Credit Suisse now?

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

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.

I was working with Dun and Bradstreet here in Hyderabad. Called yesterday to my workplace, and was told that I was being let go due to some restructuring. In plain terms you are fired. Once again handled really poorly, no advance notice nothing. Was not even prepared for it. Layoffs are inevitable but the least companies can do is to handle it better. They just don't understand that this only gives em negative image or maybe they don't care.