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bcnecoΒ inΒ Β 
Program ManagerΒ a month ago

Goldman Sachs plans to lay off 4000 people!

Looks like Goldman Sachs isn't playing around. Seems like it'll start another domino chain with more layoffs.


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

Goldman Sachs Plans Thousands of Layoffs, Expects to Eliminate Some Bonuses

Goldman Sachs Plans Thousands of Layoffs, Expects to Eliminate Some Bonuses

The bank added staff aggressively during the pandemic. Now, amid a deal-making slump, it is planning cutbacks.

wsj.com
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BrooklynBrokeBusiness AnalystΒ a month ago
Banking has always been to known to conduct layoffs since the 1980s. Fewer deals = less revenue. Less revenue = lower bonuses for staff. Cut some staff to keep bonuses the same.
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BrooklynBrokeBusiness AnalystΒ a month ago
I will say if you are working some multi-year back off tech project-- the job is pretty damn stable, but caps out at like 180 to 200k for a VP.
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