• 17 Apr 2012 at 12:43 PM

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

By

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

Comments (17)

  1. 1
    Posted by Reuters | April 17, 2012 at 12:58 PM

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

  2. 2
    Posted by pazzo83 | April 17, 2012 at 1:38 PM

    That's fine, my bonus sucked this year.

    - Plant, 23rd Floor, 200 West

  3. 3
    Posted by horticulture quant | April 17, 2012 at 1:42 PM

    doubled base water supply, but nitrogen down 50%

  4. 4
    Posted by ficus | April 17, 2012 at 1:49 PM

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

  5. 5
    Posted by Guest | April 17, 2012 at 2:04 PM

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

    –The Shake Shack

  6. 6
    Posted by HAM05 | April 17, 2012 at 2:04 PM

    that's weird, mine was up

    -slutty orchid on 18

  7. 7
    Posted by one | April 17, 2012 at 2:15 PM

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

    -Martha Johnson, Head of GSA (fmr)

  8. 8
    Posted by VonSloneker | April 17, 2012 at 2:28 PM

    Not this shit again…

    - Seamless

  9. 9
    Posted by Lowly Assistant | April 17, 2012 at 2:46 PM

    +1 and more.

  10. 10
    Posted by Guest | April 17, 2012 at 3:51 PM

    Be careful, plant humor has a tendency to grow on you, especially if you are green to the subject

  11. 11
    Posted by P Walnuts | April 17, 2012 at 4:46 PM

    Bess's inbox is a god damn national arboretum!

  12. 12
    Posted by Biff | April 17, 2012 at 5:41 PM

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

  13. 13
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  14. 14
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    I got 200% on my base, I must be super-smart

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