News Discussion24mo
Layoffs
on
ZestyHamster
Layoffs Started in Goldman Sachs
As of now 10 members laid off in consumer banking division in Hyderabad.
23mo ago
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WigglyLlama
Goldman Sachs23mo
Any idea how much severance is given?
ZestyHamster
Goldman Sachs23mo
Not informed
DizzyNugget
Cred23mo
Any idea on how deep the layoffs are? My friend at gs just pinged me saying it’s really bad in india office, folks called to conference room, asked to leave
QuirkyBoba
Porter23mo
Aren’t Indian employees cheaper for gs, bang for the buck?
And is this performance based firing? The team members you mentioned, were they actually good?
ZippyBagel
Stealth23mo
Doesn't matter if whole business line is getting chopped.
MagicalNoodle
Goldman Sachs23mo
Not at all performance based tbh. My colleagues who got promoted from Jan also got laid off.
MagicalNoodle
Goldman Sachs23mo
One of my colleagues got promoted to VP on 2nd Jan and got laid off today. Bad joke
TwirlyPotato
InMobi23mo
My god
MagicalNoodle
Goldman Sachs23mo
These layoffs are across teams and hierarchy. But mostly targeting VPs and above as they want to save costs.
SnoozyPanda
Stealth23mo
Marcus winding down big time
MagicalNoodle
Goldman Sachs23mo
Yeah but it's not just Marcus now
SleepyJellybean
Goldman Sachs23mo
They are gutting other division engineers too in India? I have not heard of it yet.
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