Goldman Sachs revamps employee reviews, opening door to greater job cuts
Fox BusinessFox Business
Goldman Sachs revamps employee reviews, opening door to greater job cuts
Goldman Sachs Group Inc is adopting a performance review system that will grade up to 10% of its 39,000 employees as under-performers this year, according to an internal memo sent on Monday, potentially leading to more job cuts in 2021 than the bank has made in recent years.
Jul 27, 2020
Goldman Sachs Careers
Goldman Sachs remains one of the toughest employers to get into. In 2024, the firm received more than 315,000 applications for just 2,600 internships, with an acceptance rate of less than 1%. These internships serve as the primary pathway to full-time positions, with many top performers earning return offers. Notably, nearly 40% of Goldman’s partners began their careers as campus hires, highlighting the firm’s long-term commitment to developing young talent despite the intense competition. Via:-
Goldman Sachs remains one of the toughest employers to get into. In 2024, the firm received more than 315,000 applications for just 2,600 internships, with an acceptance rate of less than 1%. These internships serve as the primary pathway to full-time positions, with many top performers earning return offers. Notably, nearly 40% of Goldman’s partners began their careers as campus hires, highlighting the firm’s long-term commitment to developing young talent despite the intense competition. Via:-
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