Topics regarding layoffs at Goldman Sachs

Topics regarding layoffs at Goldman Sachs

Notice

Ny warn notice posted. 78 colleagues in June.

It's not the layoffs, it's the wait

Everybody who works at Goldman Sachs knows to expect layoffs this time of year. The issue is not that we're having cuts, the issue is that we'll have to wait for several months for the whole process to be finalized. That's months of stress for... — read more 

1.3K out

News --> @WSJ reports Goldman Sachs going to lay off 1,300 employees If true ... not ideal for the NYC tax base (assuming the workers are in NYC and not other offices) GS has already been moving a lot of folks out of state .. Dallas a big winner — read more 

Days in the office

Thinking of applying at GoldmanSachs, are majority of the roles full time in the office? or hybrid? 3x a week in the office, or do you have to show up 5 days a week.

I got a job offer here

It’s 5 days a week in office $200,000 18% bonus Should I take it? I don’t live in NYC so I have to move as well.

Let's pretend we don't see it coming

"Goldman Sachs, JPMorgan Chase, and Morgan Stanley are seeking artificial intelligence for analyzing securities, and investments and predicting stock prices and portfolios."... — read more 

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| 1680 views | | 1 reply (January 19, 2024)
Post ID: @OP+1qDkPQtP

More cuts

Goldman Sachs Gears Up for Its Annual Layoffs Goldman Sachs is gearing up to shed its lowest-performing staff as part of its annual “strategic resource assessment,” the Financial Times... — read more 

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| 2102 views | | no replies yet
Post ID: @OP+1ovGEva7

People at Goldman Sachs knew

Deregulation, vulture capital, wars, crypto, worthless tech startups, Chinese hustles, funds of funds of funds. Climate chaos and an aging population--and years of doing less than nothing.

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| 2620 views | | 1 reply (May 31, 2023)
Post ID: @OP+1lIs8D5M

Let's pretend we couldn't see it coming...again?

People in the business have been following the meltdown for several months now. They did see it coming. https://www.pbs.org/video/age-of-easy-money-osu8cj/

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| 2150 views | | no replies yet
Post ID: @OP+1lFcblbY

Purchase of SVB’s bond portfolio

Goldman Sachs Eyes a Big Payout from Silicon Valley Bank Deal The Wall Street giant is likely to be paid more than $100 million for its role in a bond purchase that ultimately failed to save the California bank from... — read more 

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| 1860 views | | no replies yet
Post ID: @OP+1lEZx1Qp

Take over in payment sector

Seems more than a rumout, GS in talks for taking over ACI Worldwide, planning to cut staff and the current offices that they have .

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| 2152 views | | no replies yet
Post ID: @OP+1ltlV5ln

Acquire BK

GS should make an acquisition of bny mellon. Get cheap funding from deposits and create moderate risk between combined companies

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| 2295 views | | no replies yet
Post ID: @OP+1l7wrBd8

Is NYC about to get hit again?

Are the latest WARN notices that I've seen posted all over the place about the layoffs that already took place or are we looking at even more cuts at Goldman Sachs NYC offices? I'm confused and worried and I wouldn't be surprised if we're far from... — read more 

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| 2586 views | | 2 replies (last January 31, 2023)
Post ID: @OP+1kRjtvZm

Were you laid off? Please learn about the WARN Act

The WARN Act requires an employer to notify employees, in writing, 60 days before a layoff, and pay the employee for those 60 days, in addition to any severance the employee may be entitled to. Unfortunately, some employers attempt to circumvent the... — read more 

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| 2554 views | | 1 reply (January 25, 2023)
Post ID: @OP+1kOSNiS4

Meanwhile, in Davos...

https://actualidad.rt.com/actualidad/455355-hipocresia-aviones-privados-prostitutas-davos

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| 1993 views | | no replies yet
Post ID: @OP+1kKpAu7m

Time to look for a new job

All companies have layoffs but few do it as callously and uncaringly as Goldman Sachs just did. I have no intention to continue working here after what just happened. Not to mention, I'm all but certain that we'll be expected to pick up the work left... — read more 

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| 2984 views | | 4 replies (last January 26, 2023)
Post ID: @OP+1kJtov6W

Goldman SUCKS

Cut 3,200 jobs & gave workers 30 minutes to pack up their belongings. This is per the Daily Mail.

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| 2531 views | | 2 replies (last January 15, 2023)
Post ID: @OP+1kFqGqTo

Don't count on stability anymore

If there used to be any, now that job stability is definitely gone. I'm thinking of leaving GS if I'm not laid off in the meantime, but is there at least a little more stability anywhere else? I wouldn't say there is. Moreover, I am not optimistic... — read more 

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| 2650 views | | 4 replies (last January 15, 2023)
Post ID: @OP+1kEPSI75

NYT Coverage

https://www.nytimes.com/2023/01/10/business/dealbook/goldman-sachs-layoffs.html If paywalled use: https://archive.ph/uepfj Will try to paste below… —— Goldman Sachs Begins Large Round of Layoffs The investment bank plans to cut up to 3,200... — read more 

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| 2140 views | | 1 reply (January 12, 2023)
Post ID: @OP+1kEJRmmc

Walk out with your head up

Unfortunately, layoffs are not fair and it is not at all rare that some good and capable people are laid off instead of those who do not add any value to the company. Instead of blaming yourself, go out with your head held high, because some other... — read more 

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| 2543 views | | 1 reply (January 11, 2023)
Post ID: @OP+1kDvvoag

Target groups

I hope for the best but I expect the worst. Which department will be most impacted by these layoffs?

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| 2405 views | | 1 reply (January 11, 2023)
Post ID: @OP+1kCyiMvH

Running count of damage by department

Let us post the known damage from the lay offs No names . Just a location and rank/ group would do Example: internal audit - 10 (2-NY, 1-Dallas, 2 - London, 2 - HK , etc)

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| 3090 views | | 3 replies (last January 12, 2023)
Post ID: @OP+1kBREVhS

At least we know now

I just hope that they're done with it this week, at least for this round. I don't want to have to stress over this for who knows how long. Get it over with, rip off the band-aid, and let us all move on. The prolonged layoff will just serve to... — read more 

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| 2501 views | | 3 replies (last January 14, 2023)
Post ID: @OP+1kBAPFny

Goldman Sachs Doubles Down (No Recession)

"Part of our disagreement with consensus arises from our more optimistic view on whether a recession is necessary to tame inflation. We think that a continued period of below-potential growth can gradually rebalance supply and demand in the labor... — read more 

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| 2073 views | | 1 reply (January 9, 2023)
Post ID: @OP+1kAigXUe

When will it start?

Is there any way for us to know when the January layoffs will start? I'm hoping for next week. The sooner we get it over with, the better.

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| 2805 views | | 7 replies (last January 12, 2023)
Post ID: @OP+1kuXs1MY

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