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.

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/

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 

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

In January 2023, Goldman Sachs, a multinational investment bank, announced plans to cut around 3,200 staff as part of a cost-cutting exercise. However, despite this move, the bank remains open to hiring new talent in the cryptocurrency... —  read more 

What the he-l kind of performance was that?

CEO David Solomon made a difficult decision to cut about 3,200 jobs last month. Does he have any regrets? Yes. He wishes he had done it sooner... —  read more 

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

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 

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 

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

... —  read more 

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 

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

https://www.wsj.com/articles/goldman-sachs-lost-3-billion-on-consumer-lending-push-11673616202

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 

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 

Good luck everyone! I hope there are more people here who used advanced notice of layoffs and managed to find something better in the meantime!?

"G0ld-Pers0n"?

Sorry for the d-mb question, but I haven't been here long so I still don't know how things work here. If I haven't received notice so far, can I consider myself safe or will the uncertainty last until the end of the week? How did you get notified?

F U GOLDDMAN

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 

How many people will be impacted in New York offices?

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

https://www.thelayoff.com/t/1f5UlmqK

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)

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 

https://finance.yahoo.com/news/goldman-sachs-cut-3-200-004734031.html Good luck.

"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 

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.

https://www.cnbc.com/2022/12/28/dow-headed-below-30000-slim-chance-of-soft-landing-for-economy-cfos.html

Some seem to be under the mistaken impression they are safe from the coming layoffs. Don't make that mistake. If layoffs here have taught me anything, that's that nobody is safe. I've seen people who've been here for decades and those who joined a... —  read more 

https://www.msn.com/en-us/money/markets/soft-landing-why-goldman-sachs-says-the-us-is-more-likely-to-avoid-2023-recession/ https://www.cbsnews.com/news/millions-of-americans-to-lose-medicaid-coverage-starting-next-year/

https://www.youtube.com/watch?v=ADh6QTp8798

https://www.wsj.com/articles/goldman-sachs-plans-thousands-of-layoffs-expects-to-eliminate-some-bonuses-11671212043

I'm not sure how I'm going to survive the following weeks knowing what's coming. Why would the leadership be so cruel as to announce this so close to the holidays? They could have waited a few days and let us enjoy Christmas with our families without... —  read more 

I currently work at BNY Mellon. Our CEO recently announced a change to the 401K plan. Currently our company match (max 7%) is implemented each pay period. Starting in 2023, the match will be paid at the end of the year (actually, three months after... —  read more 

Happy New Year. https://www.cnbc.com/2022/12/16/goldman-sachs-is-planning-to-cut-up-to-8percent-of-its-employees-in-january.html

https://www.centralbanking.com/central-banks/economics/data/7953886/bis-data-shows-surge-in-otc-derivatives-market-value