n*********e
发帖数: 25274 | 1 Goldman Readies for Annual 5% Reduction in Staff
By Julie Steinberg
Goldman will cut 5% of its staff, all underperformers, in the near term as
part of the firm's annual review process, Reuters reported.
The cuts already took place on the trading desk earlier this week, according
to the article. More layoffs will take place over the next few months
across various units.
The company had 35,700 employees at the end of 2010, which means potentially
1,785 could be affected.
The annual review process includes a 360-degree review, wherein superiors,
colleagues and those who report to the employee are asked to evaluate his or
her performance. Those who are likely to get laid off usually receive a
clue in the form of their compensation total in January -- and many of those
leave before getting let go.
A source familiar with the matter told FINS that the cuts are part of the
company's annual review process and take place around the same time every
year. Similar plans were both announced and rumored in 2008 and 2009,
respectively.
Goldman declined to comment. | w********c
发帖数: 2632 | 2 which means u need to make lots of friends. but for front office,
i would imagine it's still p&l that rules.
according
potentially
【在 n*********e 的大作中提到】
: Goldman Readies for Annual 5% Reduction in Staff
: By Julie Steinberg
: Goldman will cut 5% of its staff, all underperformers, in the near term as
: part of the firm's annual review process, Reuters reported.
: The cuts already took place on the trading desk earlier this week, according
: to the article. More layoffs will take place over the next few months
: across various units.
: The company had 35,700 employees at the end of 2010, which means potentially
: 1,785 could be affected.
: The annual review process includes a 360-degree review, wherein superiors,
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