Any thoughts?
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Any update?
David Solomon committed yesterday morning on CNBC not to lay off anyone that is part of the "GS Family" (FTE, Security Guards, etc) for the next 3 months.
They already did a few in my office in mid March. I don’t work in NY/NJ.
Via forbes, it sounds like GS is not moving forward with large scale layoffs in the immediate future.
https://www.forbes.com/sites/jackkelly/2020/03/27/prominent-ceos-promise-that-they-will-not-layoff-workers-in-2020/
I work in HCM for GS. May 1 is not the exact date - we never fire on Friday’s - but will be early May. Will be more than the bottom 5%.
So, rumor is that a major tranche of layoffs will come on or by May 1, 2020. Will be most divisions. A lot of recent layoffs have May 1 as their last day. Would be interested to know if others have heard anything.