Goldman Sachs CEO David Solomon warned Tuesday that he may need to trim more staff and insiders told The Post he has implemented a new review system this year that’s unnerving those who are w…
on Tuesday — and the bank’s yearly performance review ritual is rattling employees even further, The Post has learned.
The investment bank has historically targeted between 1% and 5% of lower performers in positions across the firm, according to a person with direct knowledge of the situation.for a few more weeks. Those who get to keep their jobs will then find out about their bonuses, which are expected to be significantly less this year.In September, Goldman began its
“You have to assume that we have some bumpy times ahead,” he told Bloomberg News. “You have to be a little more cautious with your financial resources, with your sizing and footprint of the organization.”Bloomberg via Getty Images
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