Am I Next? Goldman Sachs — annual review layouts

UPDATE: APRIL 17, 2019 — UP TO 96 JOBS.

According to a WARN (Worker Adjustment and Retraining Notification ) filed with the State of New York, 98 employees will be phased out for “economic reasons” between May 29, 2019 and September 28, 2019. according to a

Original Post…

New York, New York-based Goldman Sachs Group Inc. announced their annual restructuring and rebalancing effort which will probably result in a reduction in force of approximately 65 jobs from its New York operations. This should come as no surprise as the firm routinely cuts approximately five-percent of the staff annually to create space for new employees. Since Goldman CEO David Solomon who replaced legendary Lloyd Blankfein last year, the entire operation has been under review. If there is any lesson to be learned, it is that employees, even top employees, working in an under-performing area are at risk, those working for a company known to prune staff periodically are doubly at risk.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere ... are you now wondering, Am I Next?