Tech IndustryNov 14, 2019
Microsoftprgiyrf

Goldman Sachs Huge Relocation News

I'm interviewing with GS and I just saw this article, https://news.efinancialcareers.com/us-en/3001047/goldman-sachs-technology-jobs I was expecting to go to NY for GS but I'm worrying that in some recent days, I might be forced to move to some other states as described in the article. Is this real happening in firms in NY? What about Marcus/Marquee teams specific?

Goldman Sachs is moving more technology jobs to cheap locations. So, what if you want to work in New York or London?
Goldman Sachs is moving more technology jobs to cheap locations. So, what if you want to work in New York or London?
eFinancialCareers
Tesla Bigballer Nov 14, 2019

This isn’t huge news. Banks already moved most of their back office functions including software support to low cost regions a long time ago. Places like Salt Lake City, Tampa Bay, Jacksonville etc.

Microsoft JfBezos Nov 14, 2019

Jobs moving to India and Poland? This is what happens when US restricts high skilled legal immigration. Jobs moving offshore!

Indeed indood Nov 14, 2019

Yeah because getting a bachelors or masters degree from an American university and memorizing leetcode is considered “high skill”.

Cruise Automation gasp Nov 14, 2019

You misunderstood what @JfBezos said.

Goldman Sachs J Dimon Nov 14, 2019

You’re going to end up in Dallas. Compliance is also moving there.

Microsoft prgiyrf OP Nov 14, 2019

Recruiter told me that will I be okay with relocating to NY. Why would they make people to move to NY and then Dallas after that? Why not directly post the job in Dallas office?

Uber tyzqwe Nov 14, 2019

GS was moving a ton of back office people across divisions to SLC when I was there over 5 years ago. Happening for years.

Goldman Sachs maae11 Nov 14, 2019

It's possible but if the job you're applying for is specifically listed as NY I wouldn't worry. We still have a substantial NY tech presence.

New
nfxopk Nov 14, 2019

I don't know why companies like this don't want to be for the tech. It makes them billion but they see it as a cost.

Microsoft prgiyrf OP Nov 14, 2019

If I'm told to migrate to some other cities, how much time will I have for that? a month? 3 month? in advance?

Goldman Sachs maae11 Nov 14, 2019

Reasonable time will be given and you can ask for exceptions. Otherwise take a severance if you don't want to move.

Goldman Sachs maae11 Nov 14, 2019

Reasonable time will be given and exceptions

Goldman Sachs TaxOps Nov 15, 2019

Lots of the operations for Marcus is in SLC. Decent tech presence as well.

Goldman Sachs fake engineer Nov 17, 2019

I mean 200 West has a bunch of seats that aren't going anywhere...the pay is so subpar for NYC it doesn't really matter that much lol.

Goldman Sachs Manii Feb 6, 2020

Yes the new hubs are Dallas and BLR