Goldman Sachs has begun its annual headcount reduction, impacting 3% to 5% of its workforce of more than 46,000 employees. This selective process, known as the Strategic Resource Assessment, aims to eliminate bottom performers across various divisions, including investment banking. Recruiters received numerous calls from affected staff, with surprising layoffs noted in several roles such as analysts and vice presidents. Industry experts emphasize that while having Goldman Sachs on a CV is valuable, actual experience and closed deals are paramount for job seekers in a slow market.
I think some people are fantastic. I think other people are not as fantastic," said Meridith Dennes, the managing partner of Prospect Rock Partners, a Wall Street recruiting agency. Dennes told Business Insider she...
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