GS is brutal. NAN knows‘Thirty minutes to get out’. Inside Goldman’s brutal job cuts
Joshua Franklin, Ortenca Aliaj and Stephen MorrisJan 12, 2023 – 11.08amNew York/London | Goldman Sachs on Wednesday sacked bankers at its offices in cities from New York and London to Hong Kong, dismissing many employees without paying a bonus for work performed last year while giving some junior bankers 30 minutes to gather their belongings and leave.
The layoffs are the most concrete example of a deep, cost-cutting drive at the Wall Street bank, as chief executive David Solomon tries to reduce expenses following several years of expansion and a slowdown in its investment banking business.
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