Laid-off Goldman Sachs employees walked out of the corporate’s Manhattan headquarters in a daze on Wednesday as CEO David Solomon threw an ax at 1000’s of employees.
One group of analysts – all wearing high-end Canada Goose down coats – refused to reply questions from a Post reporter before the shocked corpse escaped from the glass skyscraper at 200 West St.
Sentiment was not a lot better within the affluent offices of the celebrated Wall Street firm, The Post said.
“I’ve never felt so amazing on 200 West,” said one employee who survived the autumn. “This morning was calmer than working remotely through the pandemic.”
As previously reported by The Post, younger employees have dubbed Solomon’s pledge to put off 3,200 employees “David’s Demolition Day” – and a few at the moment are calling Wednesday’s carnage “D-Day”.
![Goldman Sachs Headquarters](https://nypost.com/wp-content/uploads/sites/2/2023/01/goldman-sachs-layoffs-03.jpg?w=1024)
The slaughters, the corporate’s first because the pandemic, began shortly after bankers arrived at their desks at 8am, The Post reported. Worker badges were immediately deactivated and employees were escorted out of the constructing, which was surrounded by a couple of dozen guards standing at the doorway.
Most of the laid-off employees walked away with blank stares, while others left harried and engrossed in cellphone conversations.
One stoic worker, wearing a button-up and fleece jacket, when asked about ongoing layoffs, replied, “I do not know what you are talking about.”
One other 20-year-old analyst turned around and went in the wrong way.
![President David Solomon](https://nypost.com/wp-content/uploads/sites/2/2023/01/david-solomon-layoffs.jpg?w=1024)
The Post couldn’t confirm the full variety of employees laid off, but insiders said the struggling consumer banking division – which has never made a profit – has been particularly hit. Those insiders add that no department has been spared and employees in any respect levels, from analysts to managing directors, have been laid off.
In keeping with the favored financial account Litquidity, even employees who were recently promoted were laid off.
“We all know this can be a difficult time for people leaving the corporate. We’re grateful for the contributions of all our people and are providing support to ease their transition,” a Goldman spokesman told The Post. “Currently, our focus is on aligning the dimensions of the corporate with the opportunities facing us in a difficult macroeconomic environment.”
Prior to the layoffs, managers got a handbook from Human Capital Management – the corporate’s human resources department – advising them on how best to put off employees, The Post sources said. Nonetheless, lots of the laid-off employees didn’t learn about their severance packages, the source said.
![Employees work on the trading floor on Wednesday.](https://nypost.com/wp-content/uploads/sites/2/2023/01/GOLDMANSACHS-LAYOFFS.jpg?w=1024)
“[There is] a number of discrepancies and discrepancies over some people’s severance pay,” one staff member told The Post.
Many managing directors were told they might be paid three months or more, while junior staff were told they might be paid two months or less, the source said. Starting salaries for first years start at $110,000.
Along with Recent York, employees at Goldman’s San Francisco, Dallas, Hong Kong and London offices have also been thrown out. Sources told The Post that the layoffs at the corporate’s Paris office had been postponed until Thursday. Goldman had nearly 50,000 employees before “D-Day”.
Employees who survived Solomon’s wrath are still horrified, The Post said. One staff member, who spoke on condition of anonymity, said a part of the priority was that Wednesday’s cuts could possibly be only the start.
There isn’t any relief. Rumor has it there’s more to return… apparently not every thing is occurring today,” the worker said.