The aforementioned population restructuring at the House of Blankfein is said to be going down circa now. Presently filling the conference rooms are research and equity sales.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
wideclopse have mercy on our souls..
Bring on the blood!!!!11!
Those equity salespeople will truly have nowhere to go. Good luck to all.
have you sacrificed sufficient virgins to appease the Wideclopse?
“Fire and smoke will fall from heaven, and the waters of the ocean will turn to steam, throwing their foam to the very sky. Whatever is standing will be overturned. Millions of people will die. Those surviving will envy the dead. Distress, misery and desolation will be found the world over.”
- excerpt from the Neues Europa version of the Third Secret
Oh the Jewmanity !
Meredith must be in hiring mode…
They held off doing it yesterday becuase it was Ash Wednesday. No really.
Speaking of BS…err, GS, what do all of you Buffett-haters think of his GS deal now?
Let’s see, the sweetener was, what, 5-yr warrants on 43mm shares?
The Jan 2011 115-strike calls are 24.85 bid.
@7 Win!!
I drrrrrink your milkshake!!
I don’t claim to be a management guru, but I’ve always thought that getting rid of sales people (performing ones) is like pulling back on soldiers in the middle of a war. Don’t get me wrong, underperforming sales guys need to go in this market.
let it burn
GS has laid off today…
It has been told they are going to squeeze up teams by 25%
@15- did you really just comment “GS has laid off today” on a post about how GS has laid people off today?
@16 it was an affirmation post
@7 classic
Long term it would be cheaper for taxpayers to subsidize keeping staff employed at GS rather than paying for the monumental errors of these clowns when they go into “government service”
@3 Where do equity research analysts go? Sales is sales. Steak knives or crappy research…sales is always a profession. Won’t make as much but they will land somewhere. Research analysts will go to B School and continue to continue their cost center legacy.
@3 Where do equity research analysts go? Sales is sales. Steak knives or crappy research…sales is always a profession. Won’t make as much but they will land somewhere. Research analysts will go to B School and continue their cost center legacy.
@18 – wow – chills the blood just to think about it
@19 – Usual exit strategy for research analysts (junior) is to go do investor relations for a company they used to cover, or if the analyst was senior enough, possibly a CFO gig for a small company or bus dev for a larger company.
@19 Equity research analysts can go into the industries they were researching. On the other hand, a good sales gig paying $200k or higher outside of finance is going to be hard to come by, other than pipeline management and presentations these guys have 0 transferable skills – it would take them a year to get up to speed. In sales you generally have 6 months to hit your number.
The sad thing about scattering the GS alumns all across the country is the smug never washes off and you may soon be in a meeting with a blathering idiot talking about his days at GS and how great he is and….pfft
PB is getting hit right now…..help
@16, I was commenting on the percentage by which lay offs were done.
How is the severance?
@ 7
Winner, Winner, Chicken Dinner
25 is really, really eerie. Can we delete that one? It’s like that phone call telling you that there is someone in the house that abruptly hangs up.
Which PB desks? Sales? Cap intro?
No numbers?
I think the real blood letting may come tomorrow, not much noise today
Analyst friend in GSAM over in London got hit…pretty bad wideclops day for GS worldwide i reckon
i just got hit today, fudging sucks.
I assure anyone reading this that its a very small population getting most of the pie in any year at GS. I never got my fair share, maybe thats because I never worked with those snots in IBD.
Lots of good people work there, but it really isnt the firm it was in 2004. (who knows, maybe the mass hedge fund failures will bring the talent back..).
i got hit as well in NY. how was your severance post notice period?
3 months for 2 weeks for every year server (max 12 weeks).. in LN
hows it in NY, HK, TK ?
3 months PLUS 2 weeks for every year served (max 12 weeks).. in LN
hows it in NY, HK, TK ?
I drink your milkshake…
@37, same in NY. 3 months + 2 wks/yr
I received 3 months notice + 2 1/2 months severance for serving 2 years job with GS in NY
I got layed off from IT in NY. Anyone else here who was at GS IT?
This is pretty grim. not to dishearten you more but wanted to give soem facts. I was layed off on Nov 6. There are hardly any jobs for people with more than 6-8 yrs experience unless you are a star and have contacts with someone who needs you right away ( Read right time, right place). It took me almost 3 months before i gave up on finance and moved to a different industry altogether. Others might have had better experiences but folks with H1s are actually in real Sh$#.
This is pretty grim. not to dishearten you more but wanted to give some facts. I was layed off on Nov 6. There are hardly any jobs for people with more than 6-8 yrs experience unless you are a star and have contacts with someone who needs you right away ( Read right time, right place). It took me almost 3 months before i gave up on finance and moved to a different industry altogether. Others might have had better experiences but folks with H1s are actually in real Sh$#.
This is pretty grim. not to dishearten you more but wanted to give some facts. I was layed off on Nov 6. There are hardly any jobs for people with more than 6-8 yrs experience unless you are a star and have contacts with someone who needs you right away ( Read right time, right place). It took me almost 3 months before i gave up on finance and moved to a different industry altogether. Others might have had better experiences but folks with H1s are actually in real Sh$#.