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Goldman Sachs Probably Won’t Be Laying People Off Anytime Soon

People being the operative word here, as the statement “we’re going to look for other means for efficiency” most certainly suggests plants may once again find themselves on the chopping block.

After a year of cost-cutting that resulted in more than 2,400 job cuts, Goldman Sachs is satisfied with its staffing levels and doesn’t intend to conduct more large layoffs. Chief Financial Officer David Viniar said the firm has “largely implemented our announced expense reductions” and is “relatively well-positioned, assuming the environment stays where it is.” He was speaking on a conference call with analysts to discuss first-quarter earnings. “We’re going to look for other means for efficiency,” he said. “I wouldn’t expect anything major to change from where we are.”

Goldman Sachs Ends Layoffs [FINS]
Related: Layoffs Watch ’11: Goldman Sachs’ Philodendrons In The Line Of Fire

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17 Responses to “Goldman Sachs Probably Won’t Be Laying People Off Anytime Soon”

  1. Reuters says:

    With Smith and Levine gone this is just a much more favorable environment Viniar went on to say.

  2. pazzo83 says:

    That's fine, my bonus sucked this year.

    – Plant, 23rd Floor, 200 West

  3. ficus says:

    Meet me at Minetta's, I'll be the ficus weeping in the corner. Piss on my face so I know its you.

  4. Guest says:

    To celebrate we are reopening the private grill. Just say "200 West" when placing your order.

    –The Shake Shack

  5. one says:

    Trust me, looking for "other means for efficiency" is overrated.

    -Martha Johnson, Head of GSA (fmr)

  6. VonSloneker says:

    Not this shit again…

    – Seamless

  7. P Walnuts says:

    Bess's inbox is a god damn national arboretum!

  8. Biff says:

    Why don't you make like a tree, and get outta here!

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