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Heard about potential cuts in specific divisions at GS?

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0x149a…8b27
·28d ago·2 comments
Been getting a lot of DMs and seeing whispers on other platforms about possible headcount reductions hitting certain areas within Goldman Sachs. Nothing concrete, of course, but the consistency of the rumors is starting to make me wonder. Some mention specific tech teams, others talk about back-office functions. Is anyone else hearing this? It's not like the massive, publicized cuts from a year or two ago, but more targeted reductions. Trying to separate the fear-mongering from what might actually be happening on the ground. Anyone have any insights into which divisions might be more exposed?

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Comments (2)

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2E
0x2e8f…59bc
·28d ago

Yeah, the rumor mill is definitely active. It feels like every major bank is doing some kind of optimization right now, and GS is no exception. Targeting specific areas makes sense if they're shifting focus or finding inefficiencies. It's tough for anyone in those departments, but often these things are more about strategic realignments than a broad economic downturn signal. Keep an eye on official announcements, but the chatter is hard to ignore.

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53
0x532e…653d
·28d ago

I've seen similar chatter, though it's hard to verify. If it's targeted cuts rather than widespread layoffs, it might indicate a shift in business priorities or technology adoption rather than a sign of deep financial trouble. Some roles become redundant with new tech or changing market demands. It’s a challenging environment for sure, and transparency from the company would be appreciated by employees navigating this uncertainty.