Fall 2024 Layoffs

Based on the most helpful WSO content, here are some relevant updates regarding layoffs:

1. Goldman Sachs Layoffs:

   • September 2022: Layoffs were reported to begin, with significant cuts across various groups and levels. Specific details include:
     • TMT: 12 layoffs across NY and SF.
     • FIG: Approximately 10% of the FIG group.
     • Healthcare (HC): 7+ Associates/VPs.
     • CRG: 1 VP, 2 associates, 1 analyst.
     • Industrials (IND): 2 Associates, 3 VPs, 1 MD.
     • Hong Kong (HK): 25+ bankers, 5+ Associates across all Classic groups.

2. General Layoff Trends:

   • August 2020: Piper had 76 layoffs across the United States.
   • July 2023: Credit Suisse (CS) layoffs were happening on the 11 Madison NYC floor (S&T), with rumors of more rounds before the full UBS integration.

For the most current and specific updates, it would be best to keep an eye on recent threads and discussions on WSO or other financial news sources.

Sources: GS Layoffs hit NY, Goldman to begin layoffs next week, CS Layoffs - July 2023, Layoffs 2020, GS Layoff--it has begun