when it cut senior associates and vice presidents from its technology, media, and telecommunications team. It also axed staff from its consumer retail, healthcare, and industrials divisions.from its investment banking division. CFO Denis Coleman said at the time that the bottom 5% of performers would go, with brakes put on the pace of hiring.
A Goldman Sachs spokesperson told Insider in a statement:"We know this is a difficult time for people leaving the firm. We're grateful for all our people's contributions, and we're providing support to ease their transitions. Our focus now is to appropriately size the firm for the opportunities ahead of us in a challenging macroeconomic environment.
Warrant roundup style. You won a free boat, come by sheriff's office to collect your prize.
Must be a comfortable life to have never realized that is how terminations go as the concern for backlash from the employee is typically HRs first concern.