Goldman Sachs CEO David Solomon has ordered staff to cut costs through layoffs and job transfers. See what "Project Voyage" entails — and who stands to be impacted.
The global finance giant CEO’s visit to these shores was always going to draw out Australia’s biggest names in finance and business.
Goldman Sachs CEO David Solomon downplays recession fears, stating the chances are "very small." He says this despite rising economic concerns including a stock market dip, increased unemployment, and consumer confidence decline.
The move will see 3% to 5% of the bank’s global workforce of 46,500 cut, sources familiar with the matter told The Post.
Goldman Sachs is preparing its annual round of layoffs, this time with a focus on its vice presidents.Goldman CEO David Solomon has told senior executives that the firm hired too many vice presidents in recent years in relation to its overall hiring,
It’s atypical but not unprecedented for an executive other than the CEO to serve on the board. The move also may cement John Waldron, the bank’s president, as a possible successor to David Solomon.
Goldman Sachs CEO David Solomon, in an exclusive interview, highlighted India's significance as a growing economy and a talent hub with a $8.5 billion investment. He emphasized the need for better clarity on investment policies and regulatory improvements to attract foreign investments.