Layoffs Started in Goldman Sachs
As of now 10 members laid off in consumer banking division in Hyderabad.
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Any idea how much severance is given?
Not informed
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
One of my colleagues got promoted to VP on 2nd Jan and got laid off today. Bad joke
My god
These layoffs are across teams and hierarchy. But mostly targeting VPs and above as they want to save costs.
Marcus winding down big time
Yeah but it's not just Marcus now
They are gutting other division engineers too in India? I have not heard of it yet.
I am in an incoming analyst at GS, bound to start in 3 weeks. I got placed in the consumer banking division in Hyderabad. I want to know is something like this going to affect my position?
Consumer banking is the one which has taken significant hit. If I were you I’d keep my options open.
They've even not spared admins, MD secretaries were also let go
How many laid off? Is this shedding the load(I.e non performers)?
Around the globe they are firing 3200 in India roughly 500
Ouch