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No One At Goldman Sachs To Go Thirsty (Except The Employees Getting Canned)

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We've got good news and we've got bad news. The good news is that after violent protests by very angry employees, Goldman Sachs will be bringing back its soda and bottled water welfare program. The bad news is that in order to come up with the scratch to fund the charity program, they'll be firing an undisclosed number of employees from mortgage and investment banking units. Also: if David Viniar gets the boot, and we're not saying he is but if he does, there'll be free bacon, egg and cheese sandwiches for everyone, as well. A band of associates on the credit desk are apparently rallying around that cause by posting the flyer at left in every men's room at 85B (click to enlarge).
Bacon [aidsvertising]
Goldman Cuts More Jobs, Citing `Market Conditions' [Bloomberg]


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Thanks to everyone who chipped in by cleaning out their desks.

Layoffs Watch '12: Goldman Sachs

The cuts aren't expected to go too deep but every man, woman, and plant counts. David A. Viniar, Goldman's chief financial officer, said the latest round of belt-tightening by the New York company might include job losses for "a couple of hundred people." By year end, Goldman will reduce total expenses by $500 million on top of about $1.4 billion in cuts since last spring. Goldman To Tighten Belt Further [WSJ] Related: Goldman Sachs’ Philodendrons In The Line Of Fire