01:50:43 EDT Sun 12 May 2024
Enter Symbol
or Name
USA
CA



Goldman Sachs CDR (CAD Hedged)
Symbol GS
Shares Issued 350,000
Close 2023-06-13 C$ 17.45
Market Cap C$ 6,107,500
Recent Sedar Documents

FP/wire say Goldman keeps staff on toes with job cuts

2023-06-14 09:09 ET - In the News

The Financial Post reports in its Wednesday edition that financial professionals have a warning for their employers: Don't ask me to come in to the office more often, or I'll quit. A Bloomberg dispatch to the Post says that is the finding of the latest Markets Live Pulse survey, which found that roughly one in two people who work in finance would change jobs -- or already have -- if their managers required them to spend more time in the office. More than half of the 1,585 respondents globally, which included 1,320 financial professionals and 265 retail investors, prefer a hybrid arrangement, while only about 20 per cent favour working from the office. Returning to the office is still top of mind for many professionals. Pledging to quit over hybrid work is easier said under the veil of anonymity than followed through with actions. Complicating matters are job cuts on Wall Street. Though the financial sector has not seen layoffs at the same scale as tech or retail, the industry has cut nearly 37,000 jobs in the United States so far this year, a figure up 320 per cent from the same period last year. Goldman Sachs is working on what would be the third round of layoffs in less than a year as deal-making remains sluggish.

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