Goldman Sachs to lay off up to 4,000 people

https://www.semafor.com/article/ ... f-up-to-4000-people
Goldman Sachs plans to lay off as many as 4,000 employees as it struggles to meet profitability targets and retreats from its gamble on Main Street banking, people familiar with the matter said.

Managers across the firm have been asked to identify low performers for what could be a cut of up to 8% to its workforce early next year, the people said, with some cautioning that no final list has been drawn up.

Those cuts appear to be much deeper than ones taking place at other Wall Street firms like Citigroup, which is letting go of dozens of staffers amid a market downturn, and Barclays, which is laying off about 200 people, CNBC reported.

In a typical year, between 2% and 5% of Goldman’s employees are laid off or receive no bonus — “zeroed out” in industry parlance, a clear sign to start looking for another job. Like other firms on Wall Street, Goldman skipped these cullings in 2020, because the pandemic made them insensitive, and in 2021, because boomtime profits made them unnecessary.


华尔街时报的最新报道 https://www.wsj.com/articles/gol ... 43?mod=hp_lead_pos1

Goldman Sachs  is planning to lay off several thousand employees, according to people familiar with the matter, another consequence of this year’s deal-making slump.

A person familiar with the situation said the bank will be leaner in 2023, but it will still have more employees than it did before the pandemic. Goldman had some 49,000 employees as of September, up from about 38,000 at the end of 2019.
Goldman also expects to slash, and in some cases eliminate, the annual bonuses of underperforming employees, people familiar with the matter said.

Taking away bonuses is another lever that Goldman can pull to trim expenses. Like most Wall Street employees, Goldman staff received a large portion of their compensation in annual payouts tied to their performance and that of the overall firm.


Employees who get no bonus usually interpret it as an invitation to leave. Eliminating bonuses for highly paid partners and other executives can also give the bank leeway to preserve compensation for junior bankers.

金融开始表演传统艺能了

常规pip 金融业每年都裁。 tech依旧是一代移民行业最top， 别幻想去什么传统行业只有更惨， 工资更少裁员更凶更不”人性化”

匿名用户 发表于 2022-12-16 13:53
接下来还有谁？

其实传统行业和金融业裁员比TECH更残酷，不但package没有那么好，裁了以后找工作的坑也少得多。不过还是要未雨绸缪，增加visibility和提高performance，尽量不要让人抓住小辫子。

接下来还有谁？

所以这批从高盛 走的人 都是以low performancer 名义走的

匿名用户 发表于 2022-12-16 11:37:32
所以这批从高盛 走的人 都是以low performancer 名义走的

是说underperforming的bonus少或没有，layoff很看重组的deal flow其实是another story

华尔街今年performance最差的是 investment banking，裁员也都是那里的。sales and trading 很不错，前台 5-8年的经验应该 bonus 平均差不多 500k吧。

engineering影响多少？