Goldman Sachs Group, Inc (NYSE: GS) employees reportedly feel apprehensive at the beginning of 2024, following a tumultuous previous year that began with a significant layoff dubbed "David's Demolition Day."
CEO David Solomon, however, is not expected to conduct mass firings this January.
Instead, insiders suggest that employees performing below expectations are more likely to receive minimal year-end bonuses, potentially prompting them to leave voluntarily, the New York Post reports.
This approach differs from last year's strategy, where the bank dismissed underperformers before announcing compensation, saving the expense of bonuses for outgoing staff.
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