Goldman Sachs layoff coming
https://www.semafor.com/article/12/16/2022/goldman-sachs-to-lay-off-up-to-4000-people Recession without bank layoffs didn't make sense π π¬
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Anything less than 10% is not post worthy
Then I would wait for G
Wait? A trigger happy fear monger will post cousin's fiance's step father's firing as a layoff news.
8% as in a little more than the normal 5% or in addition to the normal 5%?
Seems 8% is accumulated from 2020(paused layoff due to pandemic)
Wait. There are so many post on LI where they hire new people recently
Meta laid off people in bootcamp and those who were employed for two days
Banks layoff every year, just a little higher this time
Which dept ? I feel a lot of redundant operational folks in financial industry overall ..
GS layoffs are like amazon pip. They always target a small percentage every year. It's just unlike amazon, normal attrition counts. GS also pays the most to engineers amongst the banks. Layoffs at GS are just part of how they run. While 10 percent is on higher end, 5 to 6 percent is kind of an every year thing.
Their consumer loans division is unprofitable. Marcus didnβt pan out.
4000 is some amount π₯ Take care guys.