Goldman layoffs coming how soon until we get hit?

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Goldman “layoffs” are just an excuse to get rid of below to average talent that is too expensive so top performers and senior leadership get paid more. Relax, you sit on the bench for 4 months then you can be worried

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Deal activity is not that down in MM. BB deal flow yes, but PE has more dry powder than they know what to do with and a recession is an opportunity for them to use it

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Goldman cut the worst performers every year pre-COVID so no surprise

likehelpful

It’s also a couple hundred out of 47k employees. How is this article even making the circuit

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Reminds me of all the headlines of companies moving to Texas a couple years ago…while keeping all of their California offices and employees

If you have moxie and are a good performer you shouldn’t be worried about layoffs. Hard times breed good men, good times breed…something. Idk. I’ve had one too many bourbons

likefunny

I think it’s just unnecessary FUD so banks can buy assets at lower prices. 1-5% of employees being laid off for low-performers at one of the most prestigious banks in the world should not be news.

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These so called ‘layoffs’ used to happen annually pre-Covid. It’s just banks getting rid of low performers. Media is using this opportunity to scare us

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New transfer from audit. How worried should I be?

Just go back to EY

funny

Does it even say what divisions? GS is huge. Could just be HR, recruiters, low level people

I believe it’s their staffing team

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For people going through layoffs right now. It's really hard. But pro tip: sit down and write your obituary assuming you live to be 100. Helps so much to really see this is nothing but a blip. ❤️

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Lots of people leaving WK Portland it seems. Layoffs or voluntarily?

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Should I read anything into the fact that since being laid off I’m finally sleeping well?

likefunny

I recently cleared all rounds of interview for Mindtree and waiting for the offer letter. However, since Mindtree has been recently acquired by LTI, is there any layoff expected to happen in Mindtree?
Kindly pls give me an idea about how the situation is now in both companies.

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I was in the final stages of an interview with Microsoft two weeks ago, in partner marketing. Then the recruiter told me they were putting the hiring process on hold to assess the need for the role. Well, then we heard about Microsoft layoffs last week. Seems like most were in Xbox and Project Alpha but there’s not a lot of information out there. Should I hold out any hope that I’m going to get this job? Any insights on how much these layoffs have impacted the marketing org and/or new hiring?

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All the layoffs happening are these on non tech side or tech side as well?

Anyone know any biotechs/Pharma (ideally oncology-focused) that are looking for a VP (or even SD for the right TC) of BD/CorpDev and allowing for remote/travel models (if not Boston-based) or at least a Boston-based hybrid model? I know someone with good biotech/Pharma BD&L experience that is looking for a new role given the current biotech layoff scene. Feel free to share any company names with open roles or DM, if preferred.

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Anyone around the Philly area want to be friends? Recently got laid off, and don’t have any friends around the area so yeah🙃

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Industry vets - in your experience how recession proof is insurance? I was not yet in the job market last recession but I watched my mom get laid off and struggle to find employment during that time for the next 1.5 years. I was wanting to hit the job market towards the end of this year, but now I worry that if I do move companies, the recession could put me in position of last one hired first one fired. Is it better to stay put?

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Got word that my dept will be laid off. Currently work Case Management which I don't really enjoy. Looking for a career change, WFH preferably. Any leads?

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I was just laid off from a fintech startup after 4.5 months as their first ever IP attorney. Anyone have any leads on other IP roles. I’m soft IP/marketing focused but also have patent experience.

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Lowe's I am selected in Lowe's India as an Associate Software Engineer, I am currently serving my notice periodin current organisation. Shall I consider joining lowe's india, considering current layoff and recession going on in market?

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I’m a Junior accountant, recent MBA grad in Finance, located in NYC, just got laid off due to a merger. Anybody hiring or know any opening positions?

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Hi Fishes,

Need advice,

I recently got laid off by PS and my notice period just got over,

I have offers from:

PineLabs,

HealthKart,

Recro,

Rojo Consultancy

All are offering almost same ctc around 19-22 LPA,

I have 3 years of experience as a backend developer,

working on Spring Boot, REST API, Java 8.

Any help is really appreciated,

Thanks in Advance 😅



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The severance package at Meta for laid off employees almost makes it nice to be laid off depending on what your personal situation is….. personally wouldn’t mind getting 4+ months of full pay to reset and think about what’s next 😬

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How has P&T been affected by recessions in the past ? Are internal app teams more safe ? Also how is the severance package calculated.

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A $1T valuation is fine, but Tim Cook should be fired for the value loss that came from actually producing products, being famously boring and not losing his mind on social media.

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Why is Credit Suisse hiring if they are planning to layoff ?

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Does anyone know the criteria used to determine who is selected to be laid off due to COVID?

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from God import pandemic
From China import coronavirus, mortality_rate

covid_19 = pandemic.coronavirus.set_mortality(mortality = 1.)

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