Layoffs Started in Goldman Sachs

As of now 10 members laid off in consumer banking division in Hyderabad.

29mo ago

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9 min AI interview5 questions

QuirkyBoba

Porter29mo

Aren’t Indian employees cheaper for gs, bang for the buck?

And is this performance based firing? The team members you mentioned, were they actually good?

ZippyBagel

Stealth29mo

Doesn't matter if whole business line is getting chopped.

MagicalNoodle

Goldman Sachs29mo

Not at all performance based tbh. My colleagues who got promoted from Jan also got laid off.

WigglyLlama

Goldman Sachs29mo

Any idea how much severance is given?

ZestyHamster

Goldman Sachs29mo

Not informed

DizzyNugget

Cred29mo

Any idea on how deep the layoffs are? My friend at gs just pinged me saying it’s really bad in india office, folks called to conference room, asked to leave

MagicalNoodle

Goldman Sachs29mo

One of my colleagues got promoted to VP on 2nd Jan and got laid off today. Bad joke

TwirlyPotato

InMobi29mo

My god

MagicalNoodle

Goldman Sachs29mo

These layoffs are across teams and hierarchy. But mostly targeting VPs and above as they want to save costs.

SnoozyPanda

Stealth29mo

Marcus winding down big time

MagicalNoodle

Goldman Sachs29mo

Yeah but it's not just Marcus now

SleepyJellybean

Goldman Sachs29mo

They are gutting other division engineers too in India? I have not heard of it yet.

GoofyPickle

Goldman Sachs29mo

I am in an incoming analyst at GS, bound to start in 3 weeks. I got placed in the consumer banking division in Hyderabad. I want to know is something like this going to affect my position?