• 18 Mar 2011 at 8:40 AM

Layoffs Watch ’11: Goldman Sachs

By Bess Levin

The least Goldman-y of the bunch were let go from the trading division yesterday, with more cuts a’ coming.

According to Reuters, this is part of Goldman’s annual cutting of the bottom 5 percent of the entire staff, meaning approximately 1,800 employees across the firm will be told between now and next week their services are no longer necessary.

Comments (31)

  1. 1
    Posted by guest | March 18, 2011 at 1:36 PM

    Not to worry…I can still get a job at UBS.

    -Soon to be laid off GS employee

  2. 2
    Posted by Guest | March 18, 2011 at 1:40 PM

    Yuck. Sorry Sachs-ers. Good luck.

  3. 3
    Posted by Andy Bernard - Cornell | March 18, 2011 at 1:47 PM

    UPS>UBS<Dunder Mifflin

  4. 4
    Posted by Seaman Bodine | March 18, 2011 at 1:50 PM

    wow – gasparino was right this time

  5. 5
    Posted by Anonymous | March 18, 2011 at 1:57 PM

    Still here.

    - Lloyd

  6. 6
    Posted by Oswald | March 18, 2011 at 2:02 PM

    Is bottom 5% at GS > top 5% at UBS?

    -Oswald

  7. 7
    Posted by Guestosaurus | March 18, 2011 at 2:06 PM

    you’ll get a promotion, a raise and a signing bonus + a seat right up front at the bagpipes

  8. 8
    Posted by Andy Bernard - Cornell | March 18, 2011 at 2:08 PM

    Its more like Top 5% UBS = Bottom 5% Priamerica

  9. 9
    Posted by Guestosaurus | March 18, 2011 at 2:18 PM

    the bottom 5% at UBS would be described as black swan events at any decent firm

  10. 10
    Posted by Ray Finkle | March 18, 2011 at 3:03 PM

    Congratulations, your first non-office related comment was funny; take this as a sign.

  11. 11
    Posted by Andy Bernard - Cornell | March 18, 2011 at 3:21 PM

    Wide Right!

  12. 12
    Posted by Andy Bernard - Cornell | March 18, 2011 at 3:21 PM

    Wide Right!

  13. 13
    Posted by Anonymous | March 18, 2011 at 3:29 PM

    Looks like Stone St is gonna be amuck with 1,800 more ghoulish looking dooshbags than usual @ happy hour

  14. 14
    Posted by GS Sucks Guy | March 18, 2011 at 3:34 PM

    GS sucks

  15. 15
    Posted by Andy Bernard - Cornell | March 18, 2011 at 3:37 PM

    Stone St is where ill be tonight…you can find me in my lobster pants.

  16. 16
    Posted by Balls | March 18, 2011 at 3:56 PM

    sounds like a couple people didn’t make it to the 57th round interview as GS :(

  17. 17
    Posted by Quant from Bronx | March 18, 2011 at 4:27 PM

    IT people, please leave

  18. 18
    Posted by Quant from Bronx | March 18, 2011 at 4:27 PM

    IT people, please leave

  19. 19
    Posted by Quant from Bronx | March 18, 2011 at 4:28 PM

    +1

    Tribeca green resident

  20. 20
    Posted by Quant from Bronx | March 18, 2011 at 4:28 PM

    +1

    Tribeca green resident

  21. 21
    Posted by FriendsOfAngelo | March 18, 2011 at 5:08 PM

    Instant Karma but only for 5%

  22. 22
    Posted by FriendsOfAngelo | March 18, 2011 at 5:08 PM

    Instant Karma but only for 5%

  23. 23
    Posted by The_regulator | March 18, 2011 at 7:27 PM

    I assume you meant to say Stone Street Capital.

  24. 24
    Posted by The_regulator | March 18, 2011 at 7:27 PM

    I assume you meant to say Stone Street Capital.

  25. 25
    Posted by Anonymous | March 18, 2011 at 8:05 PM

    No you crustacean I meant Stone St as in the FiDi watering hole, do you work in Minneapolis or something?

  26. 26
    Posted by JBEV | March 19, 2011 at 12:12 AM

    waaaaaaaaaaaaaaaaaaay back office much?

  27. 27
    Posted by GSSThire | March 19, 2011 at 7:22 AM

    I got dinged at GS for Investment Banking but got hired in Sales and Trading in late 80′s ….my parents cried, my girlfriend left me, but made partner before the IPO …who am I?

  28. 28
    Posted by Gssthire | March 19, 2011 at 7:26 AM

    I’ll be at Minetta’s ….you’ll know me because I’ll have my long term cap gain tax return sticking out of my shirt pocket or pasted to my forehead…I’ll be on my 3 or 4 margie because that what ex partners do on Fridays…..no whales though on my pants…

  29. 29
    Posted by Fag | March 19, 2011 at 7:27 AM

    fag

  30. 30
    Posted by Norm | March 20, 2011 at 3:11 AM

    Goldman Sucks is a better name for this company without ethics.

  31. 31
    Posted by Eyes | March 20, 2011 at 7:20 PM

    someone with too much time on their hands.

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