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Layoffs/Hiring Watch '11: Goldman Sachs

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As you may have heard, Goldman Sachs, like a bunch of other banks, is bracing for some upcoming layoffs. But there is heartening news yet! Should you get the ax and not be able to imagine working for any other firm (after waking up each morning with the possibility of interfacing with, brushing up against, gazing at from across the room, or simply being on the receiving end of one of his Lloyd's firm-wide voicemails, anything else would be a let down), your chances of getting rehired just skyrocketed, assuming you're willing to relocate.

Goldman...plans to add 1,000 jobs to the firm’s Singapore office...With profits coming under pressure in the U.S., Goldman appears to be launching possibly the most aggressive effort among the big banks to expand operations overseas where the business climate is more favorable, analysts say...The jobs in Singapore are likely to be “high-paying, skilled positions in sales and investment banking,” the same types that are likely to be cut in the firm’s domestic operations, according to one person with knowledge of the matter.

Charlie Gasparino: Goldman To Embark On Hiring Spree In Singapore [FBN]


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