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

"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 

"The investor of "The Big Short" fame noted in a Friday tweet that there are 218 companies with a primary stock listing in the US, a market capitalization north of $1 billion, and annual losses exceeding $100 million. Of those, 29 boast market caps... — read more 

No matter how hard you work and how good at your job you are, if you've been here long enough to have your pay reflect it, you're in danger. They'll use this opportunity to get rid of high earners and replace them with younger and cheaper... — read more 

https://theticker.org/8642/business/goldman-sachs-to-resume-to-end-of-year-layoff/

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?

Get ready, people.

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.

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 

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?

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 

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?

So every person after offers, bgc, etc. just get ghosted for their start date until internal assessments are done /freeze is over…or is HCM just bad?

Happy days are over. Get ready. November 2022….

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 

What's your take? What happens if a big recession hits?

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 

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 

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 

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 

Is this another case of "let's pretend we didn't see it coming"? I took a look at the P/E graphs and it certainly looks like we are headed into dangerous territory--along with reduced resources and climate chaos. But it's hard figuring out how to... — 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 

Do you know what questions are asked during a Superday for a Project Manager?