Doesn't *Quite* Answer Our Question But FYI, Goldman Is Letting People Out, If Not In

Posted by Bess Levin, Feb 27, 2008, 11:05am

A friend o' the fired fills us in:

"It's more than just a hiring freeze - yesterday in IBD an MD, VP, and Associate were shown the door in Industrials and two Associates were canned in NR."
13Recommend this! 15Comments
Posted in: Goldman Sachs, Layoffs

Comments

1

Posted by guest, Feb 27, 2008 11:34AM

i just want to cry. oh the humanity!

2

Posted by guest, Feb 27, 2008 11:46AM

Isn't this the time of year they clean out the ranks anyway?

3

Posted by guest, Feb 27, 2008 11:47AM

what's NR, natural resources?

4

Posted by guest, Feb 27, 2008 11:52AM

this is old news. they've been letting go in many groups, both sector and product, from analyst to partner

5

Posted by guest, Feb 27, 2008 11:53AM

@ 11:52-- it's not old news if they're currently, continually, firing people. idiot.

6

Posted by guest, Feb 27, 2008 12:01PM

please love one another.

7

Posted by thad, Feb 27, 2008 12:43PM

I'm safe and that's all I care about.

8

Posted by Investorcluzo, Feb 27, 2008 1:01PM

I heard lehman is about to swing the axe (again), apparently, 10% of the people there are not loved...damn wsj article must have been the straw that broke the camel's back...

9

Posted by guest, Feb 27, 2008 1:56PM

Thad shouldn't you be acquiring a monkey ?

10

Posted by guest, Feb 27, 2008 2:20PM

Who let the dogs out?

11

Posted by guest, Feb 27, 2008 4:22PM

So, how many people were laid off from GS?

12

Posted by guest, Feb 27, 2008 4:24PM

So, how many people were laid off from GS?

13

Posted by guest, Feb 27, 2008 6:23PM

Firm Number of Jobs Cut

Citigroup 4,200

Lehman Brothers 3,890

Bank of America 3,650

Morgan Stanley 2,940

Washington Mutual 2,600

HSBC 1,650

Bear Stearns 1,550

WestLB 1,500

UBS 1,500

Merrill Lynch 1,000

National City 900

Credit Suisse 820

Royal Bank of Canada 500

Wells Fargo 500

Wachovia 443

Deutsche Bank 370

JPMorgan Chase 100
_____
TOTAL 28,113

14

Posted by guest, Feb 27, 2008 10:20PM

The vibe in GS IBD is more tense than usual now a days. You knew something was up when the FY-end party sucked. @11:52 can tell you why.

15

Posted by guest, Feb 28, 2008 9:18AM

I hear there are layoffs at GSEC Prime Brokerage division as well.

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