Goldman firing
Firing around up to 8%, 4000 in the coming months.. how does this impact incoming analysts in BB/EB London specifically? Should we be concerned about offers being pulled back?
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Curious about this too
Lower return offer rates unfortunately.
What about those who have already signed a FT starting mid 2023?
which bank is this, Goldman specifically? And you’re defo talking about the Incoming Analysts?
God, do you people never tire of such comments? There's nothing wrong with being a diverse candidate and nor do they deserve to be there any less than anyone else, as these comments so clearly insinuate.
Seek help
There aren't specific streams for diversity to apply for internships or FT position. Everyone applies through the same job posting, at least in the UK. Stop projecting just because your mediocre ass is about to lose his (and I'm sure it is "his") job. It's a good thing people like you are on their way out, you clearly don't view anyone who doesn't look like you, speak like you, or act like you as your peer. Even if there was a "diverse" I.e., minority employee who got there through their own grit, not SEO or whatever, you just paint them all with the same brush. Thank God you won't be around for those at GS who aren't white or male who want to build a career in banking, because if people like you had it their way, they'd never make it above Associate (a bit like you, at this rate).
It's disgusting people like you are in this industry still. Indicative of your shitty bank as well, an alumna of my school was told that she's not getting a return offer but could go anywhere "because she was a woman", and then made her crawl back to them anyway after someone dropped out. I'm glad, and proud, that my bank recognizes that talent comes from all walks of life. That my bank doesn't view diversity as a weakness.
I know this will get MS from the fragile ego monkeys who think that anyone who even suggests that the workplace should have people not only from white, male backgrounds are communists or something. I don't care though, because the world's changing, and people like you are on the way out.
Signed to join GS TMT IB this coming summer, could my offer get pulled??
Yes, big 4 awaits
Pulling offer letters is a bad PR move, I think you are last on the chopping block
It’s Goldman Sachs though. People would do anything to work there. “PR” only matters for mediocre banks.
Agree with this - your offer was also made 3 months ago, they knew what was going on in the market then and return offer % reflected it. Seems like the cuts are mostly in Marcus, which is wildly unprofitable... not a huge surprise
Makes sense if you think about it
Prior to last years pay out GS was bleeding talent, especially to EBs that paid significantly more (a quick LinkedIn analysis confirms this). The payout, at shareholders expense, helped stem the outflow. The comp pool is ultimately a percentage of revenue and in this environment has declined significantly.
Will see how it plays out come bonus time but I speculate they’re reducing headcount to this extent to pay the remaining folks competitively, especially when EB revenues have held up and they will likely pay people as usual. Numbers and sentiment out of PJT point in this direction, expect EVR and others to follow
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