Layoffs after paternity/maternity leave at Goldman Sachs
I wanted to keep this quiet for obvious reasons but I feel that it must be disclosed given the lack of respect, compassion and honesty Goldman Sachs has for their employees. In 2020, in the midst of the pandemic, two VPs who had their maternity/paternity during the same year were fired from the firm, both of them worked in the same sub-team within the same division. Taking their paternity leave may not have been the reason they were fired. Yet, what is one to conclude of two VPs in the same team getting fired at the same time after they had come back from their paternity leave during the same year and fired consequently during a pandemic? This while GS revenues were better than ever and even more painful to watch given the firm had had said that no layoffs were going to happen in 2020. I find it hard to believe that the cost savings the firm saved by firing these two people were bigger than the morale and optics of such event, specially during such rough times and in the middle of a economic/health crisis. Management at this bank lacks basic human ethics, honesty and compassion for their fellow human beings. #Thinkbeyondrevenue #finance #goldmansachs #jpmorgan #chase #blackrock #stockmarket #wellsfargo #morganstanley #bankofamerica
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-Adam Smith