"Our economists say there’s a 35% probability that the U.S. tips into recession over the next year, an estimate that’s well below the median of 65% among forecasters in a Wall Street Journal survey. The U.S. may avoid a downturn in part because data... — read more
Profits are down again and the management is panicking. They are already talking about more organizational changes, which in essence means more layoffs. I think everybody should be prepared for what's coming because it will not be insignificant in... — read more
Get ready, people.
Since a bunch of folks were laid off on Friday, I was wondering if anybody knows if the layoffs will continue this week or not?
I love my job and ever since I started working here I tried to perform as well as I can. As time goes by, I'm gradually getting disappointed because it is very obvious that a good performance is worth nothing here. Unfortunately, this is not the... — read more
Why do so many think that the number of impacted employees will be much higher than several hundreds? Personally, I don't believe that the scope of layoffs will be so big.
Considering the total number of employees, some say that several hundred laid off employees is not a large number. I don't agree with that. I believe that the culture, which in any case has long been dysfunctional, will be even more toxic after... — read more
It is said that the target among several hundred people who will be affected will be poor performers. Do you believe in that or are you more of the opinion that there will be good employees too among those impacted?
How nice. Hundreds of job cuts coming. Good luck. And Thanks for getting the safe and effective jabs. Just when you thought those jabs would guarantee your job security they lay you... — read more
https://www.cnbc.com/2022/08/30/goldman-sachs-to-lift-vaccination-covid-19-requirements-in-most-offices-next-month.html Are you mad yet?
Or firings, more like it. There's a hiring freeze and performance reviews are back. This means they'll be able to get rid of people without having to pay them severance. Very smart move. I would be okay with this as long as it's truly the poor... — read more
The days of free lunch are over at Goldman Sachs Group Inc. The investment bank said Tuesday that it’s transitioning back to “paid-for-meal” service for breakfast and lunch on April 25, scrapping a pandemic perk. Goldman also said it was boosting... — read more
What's your take? What happens if a big recession hits?
The atmosphere is pretty gloomy. It’s still hard to get used to being back in the office after so long. I came back right away because I was afraid of losing my job. I see that many have not returned yet. Question for those who still work from home... — read more
It’s reported by Fortune magazine that only half of NYCs employees returned to work in NYC offices. Why have they not returned? Are they not vaccinated or... — read more
The company has shown that it doesn't care about what employees want even if it's at no detriment to it. The push to RTO shows that better than ever. There are other huge problems here as well, including micromanagement and zero internal growth... — read more
There is no need for it. I'm hoping the spread of the virus will push the date even further than January 18, but I'm aware that the return at some point is sadly inevitable. I've never been more productive than now and I don't understand why they're... — read more
Junior bankers in San Francisco felt alienated over their long hours, what they considered low pay and lack of Seamless stipends while working from home. They made a formal presentation to their office’s top executives, relying on survey data they... — read more
Do you know what questions are asked during a Superday for a Project Manager?
Banks have become less competitive and the old school style of management is quickly become loathed by everyone including new hires. Is this place just full of obedient people? How is the attrition? Tons of shift from NYC to India, SLC and... — read more
Is anyone voicing any resistance to it?
How's the office (is it empty, or 5-day-a-week hardos going in)? Is GS hybrid-friendly if your team is spread out, or is that pipe dream for a potential new hire?
Anybody here? Did you see what the CEO said about working from home? It left me laughing in tears. Is there anyone else who thinks working remotely is actually an “aberration”?
Is there any fear of layoffs with the build up amc and gme have?
Just read all the negative news articles about the analysts slide deck asking to work only 80 hours a week and not 100. What a bunch of corporate sheep asking your masters if you can work only 80 hours this week. Don't you know how to say NO?! NO... — read more
Is Goldman Sachs really that competitive? Do they layoff frequently? All business divisions? Investment banking? Tech?
Two of my close colleagues decided they would rather find new jobs.
What is the typical salary for the VP level?
Can anyone confirm rumors of moving HQ to Miami/South Florida?
Goldman Sachs Group Inc.'s second round of several hundred firings in the course of three months is another sign that the pandemic pause on layoffs... — read more
I know there were layoffs in October. Now they are doing it again, but I am not sure if IT is affected in the November batch?
Layoffs at Goldman Sachs, hundreds of employees to be affected this week. Not sure if it's going to start today or tomorrow but we know it's going to be company-wide. Has anybody been notified yet? Also, does anybody know if there have been any... — read more
I noticed layoffs at Goldman Sachs Jersey City and NYC happening past several weeks with several senior people layoff, including those with decades of almost lifelong career with GS. If you want to save your job, you may be offered to go to Salt Lake... — read more
Any news on what's going on? My husband works at Goldman Sachs and I've been worried all day after the rumors came out yesterday about planned layoffs. He says nothing yet, but they haven't been told anything yet either. I was hoping to find out on... — read more
OK, nobody is reporting but here it goes - the are layoffs happening at GS right now. Have a great day.