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Goldman Sachs cut 3,200 jobs - giving some workers as little as 30 minutes to pack up their desks
DAILYMAIL.COM ^ | 12 January 2023 | RONNY REYES

Posted on 01/12/2023 7:59:16 AM PST by dennisw

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To: dennisw

Thirty minutes sounds generous.


41 posted on 01/12/2023 8:38:55 AM PST by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: mykroar

Isn’t that GS’s biggest payout?
Don’t people bust their butts for the bonus there specifically?


42 posted on 01/12/2023 8:38:58 AM PST by EEGator
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To: srmanuel

Speaking of IT guys:
Our IT guy said they the found the problem with the G: drive. The server it was on did not have enough capacity for the volume on G:
That’s like basic pc knowledge right? Keep an eye on your back up drive so it can hold all the data you try to back up? Not a keeper this one for sure!


43 posted on 01/12/2023 8:39:23 AM PST by 9422WMR (45 1. Lie, cheat, steal. It’s how the democRATS operate. )
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To: caww

Yes, I’ve seen that normalcy bias in companies, too. The e-staff has taken steps to get costs under control and improve revenues, but things aren’t working. The signs are there if you are willing to look and pay attention. The sharp people see those early warning signs and are the first to leave.


44 posted on 01/12/2023 8:41:52 AM PST by ProtectOurFreedom (Once you get people to believe that a plural pronoun is singular, they'll believe anything - nicollo)
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To: Leaning Right
It is a custom, not a law.

Ran into a guy who worked for the same $#*+hole outfit that I used to work for . . . in 2016, they made up a flimsy excuse to fire me so they could steal about $10,000 worth of accumulated vacation and sick time. They even contested my unemployment claim to make it look good. I had to hire a lawyer to get a lousy $580 per week in unemployment.

Word gets around like the Johnny Cash song "That Old Wheel". Some months ago, my wife and I ran into a former co-worker at a restaurant. He told me they were having trouble finding and keeping anyone. When he decided it was time to leave, he made sure all his vacation was used up and e-mailed them that he was done the first day he decided not to show up. They had to direct deposit his pay due according to the law even though he gave them zero notice.

I chuckled at his description of how they huffed and puffed and tried to convince him to come back for a couple of weeks until they filled the position. He told them to go p*$$ up a rope and reminded them of how they fired loyal employees like me.

45 posted on 01/12/2023 8:42:08 AM PST by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
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To: dennisw
But Elon is the bad guy.


46 posted on 01/12/2023 8:43:55 AM PST by Delta 21 (MAGA Republican is my pronoun.)
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To: dennisw

For the past six months or so, I’ve been saying that when the major lay-offs start, it is going to hit middle-management the worst. HR departments are going to be in a dilemma. They can’t fire the affirmative-action, diversity hires or they face major EEO investigations and law suits, along with bad PR. They can’t fire those that actually do the work, or they risk losing money due to lack of production. What to do? What to do?

There is no correct answer since they will be screwed either way.


47 posted on 01/12/2023 8:48:22 AM PST by CFW (old and retired)
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To: dennisw

And elsewhere it is reported that that have thousands of H1B and other visa workers. Want to bet that none of these workers were being terminated or laid off? By one report, in 2022 there were 2,400 H1B if I recall correctly.


48 posted on 01/12/2023 8:49:18 AM PST by Reno89519 (DeSantis or Anyone But Trump in 2024. Time for Trump to Retire, Spend Time With His Family.)
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To: Governor Dinwiddie

How much did Lyn’ Ted earn from them last year, getting paid to speak at their offices or events? I don’t recall if he has continued doing that in recent years, but if he has, that should be considered employment since it is repeated, even if periodic (bribery or pay-offs).


49 posted on 01/12/2023 8:51:25 AM PST by Reno89519 (DeSantis or Anyone But Trump in 2024. Time for Trump to Retire, Spend Time With His Family.)
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To: EEGator

Right. That’s what I have always said.


50 posted on 01/12/2023 9:04:08 AM PST by Tommy Revolts
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To: dennisw

Leftists are used to lay-offs only affecting the “little people”. It apparently hurts more when it happens to them.


51 posted on 01/12/2023 9:06:47 AM PST by CFW (old and retired)
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To: ProtectOurFreedom

“Don’t axe me what’s going on.”


52 posted on 01/12/2023 9:07:08 AM PST by kiryandil (put yer vote in the box, chump. HARHARHARHAR)
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To: caww
I know someone who was working at a company that was getting ready to lay off a bunch of workers. He lined up a new job for himself a week before the axe was going to come down, but never told anyone as he waited and hoped to be included among the layoffs.

He was laid off, and got a big severance deal that he wouldn’t have gotten if he had left on his own a week earlier. Then he started work the next day at a competitor’s office. LMAO.

53 posted on 01/12/2023 9:09:00 AM PST by Alberta's Child ("It's midnight in Manhattan. This is no time to get cute; it's a mad dog's promenade.")
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To: Leaning Right
A minor flaw in capitalism, I guess.

It has nothing to do with capitalism and everything to do with who is actually running the company. Almost everyone at Goldman will get severances starting about 2 weeks after they are frogmarched out like criminals.

54 posted on 01/12/2023 9:09:29 AM PST by frogjerk (More people have died trusting the government than not trusting the government.)
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To: dennisw
The ones that preach this gay peace love and happiness crap are the worst when it comes to their bottom line, i.e. Disney, Meta, GS...etc. They are the ones that will demand the American employee train his H1B visa replacement from India getting paid 1/2 or lose out on their severance package and unemployment.

The most un-environmental are the ones talking about the environment.

The most immoral are the ones talking about ethics.

The most greedy are the ones telling you that you need to pay more of your fair share.


Just like I want musicians to shut their pie hole about politics and sing; so do I want businesses to offer me the best product at the lowest cost.

Today every firm wants to peddle off their product by slapping 100 various socio-economic-political labels on their junk but offer: poor customer service, poor warranties, mediocre performance (specs and quality), at a high price.

What ever happened to getting the most for the buck?

55 posted on 01/12/2023 9:10:38 AM PST by Red6
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To: MeganC
It’s a bad day for the diversity hires!

You wish ... until proven otherwise, I assume it's a bad day for the White, straight, Christian men.

56 posted on 01/12/2023 9:12:45 AM PST by NorthMountain (... the right of the peopIe to keep and bear arms shall not be infringed)
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To: dennisw

Goldman S@cks for some folks today.


57 posted on 01/12/2023 9:13:50 AM PST by Nextrush (FREEDOM IS EVERBODY'S BUSINESS-REMEMBER PASTOR NIEMOLLER)
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To: Graybeard58
A recession is when your neighbor loses his job. A depression is when you lose yours. R. Reagan

A recovery is when Jimmy Carter Gropin' F. Joe Biden loses his!

58 posted on 01/12/2023 9:15:00 AM PST by NorthMountain (... the right of the peopIe to keep and bear arms shall not be infringed)
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To: Alberta's Child
I was in a situation where we were bought out by a big bank and they were voluntarily asking for people to leave with a nice financial package. Some people were waiting to see if they would be hired and they believed some promise by the company if you stayed to the end there would be extra money and bonuses. I walked into my boss and said "I'd like the package because I want to help someone else by keeping their job". He was like, "Great" I got the package and started a job in 3 weeks. Got paid well for 3-4 months for two jobs which was a real windfall.

Moral of the story, I want to choose my own destiny. The people that stayed til the end didn't even get their last two weeks pay and no bonus was paid out. They got screwed. At the same time between my walking out and starting my new job 9/11 happened and I already had a job which at that time everything froze so those people were really screwed.

59 posted on 01/12/2023 9:16:54 AM PST by frogjerk (More people have died trusting the government than not trusting the government.)
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To: NorthMountain

“..A recovery is when Jimmy Carter Gropin’ F. Joe Biden loses his!...”

^THIS^
The sooner, the better.....


60 posted on 01/12/2023 9:30:45 AM PST by lgjhn23 ("On the 8th day, Satan created the progressive liberal to destroy all the good that God created...")
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