Are S&T jobs safe from latest job cuts…?

Thought I'd pose this question in light of the reported job cuts coming at Goldman Sachs.

Some relevant info from Bloomberg: • GS' overall earnings are down ~40% this year• Their IB revenue fell 41% in the second quarter; BUT• Trading revenue increased by 32%.

So my questions are will job cuts (at GS and elsewhere) be all/mostly in IB or are trading jobs on the chopping block too? How will this impact recruitment in sales & trading?

Comments (8)

  • Intern in Non-profit
Sep 14, 2022 - 4:45pm

Let's think logically about this…

As rates rise, dealflow decreases. Decrease in dealflow means decrease in IB revenue

Conversely, as rates rise volatility has been rising. Higher volatility means increase in S&T revenue.

Why would you cut the people who are making a growing % of your profits?

Sep 14, 2022 - 5:22pm
Laser44, what's your opinion? Comment below:

He is asking because sure there is volatility but also there will come to a point where the volatility stops and its just a slow decline or slow growth period, where S&T most def will be affected. 

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  • Prospect in S&T - FI
Nov 24, 2022 - 8:20pm

what do you want to know?  no one here has a crystal ball that can answer your question

Nov 24, 2022 - 9:12pm
Interesting_Syrup, what's your opinion? Comment below:

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