>

The werid thing about these cut is one side they need to cut back staff and next 2 quarters will report a profit
“Goldman Sachs is going to sack people this week” >

"Goldman Sacks Thousands" >

Well if they can’t even wait for the weekend, this must be serious. >

Best practices for both the employees being cut and the employees spared is to not fire or layoff anyone on Fridays. M-W preferred. It gives those laid off time when there are resources available to help them and doesn't have survivors worrying all weekend, unable to ask questions wondering if there's going to be more people missing when they return on Monday. 
Best practices for lede on bad news stories is to do shit on Fridays >

Huh...everywhere Ive been has fired/laid off on Fridays because if someone flips out it gives them a couple of days to calm down where nobody is in the office. >

My last company called a meeting with all of the most precarious employees and their managers on it for a Friday afternoon, with no meeting subject. Then they canceled the meeting so everyone suspected they were being laid off but no one would answer what was going on. Then actually laid off on Monday morning.
So, if anyone is wondering the method for the highest likelihood for sabotage/workplace violence, it is making people understand they're getting fired, ruin their whole weekend, then fire them on Monday morning.
(I resigned shortly after that.) >


The Wall Street giant typically trims about 1% to 5% of employees each year. These new cuts will come on top of the earlier layoffs.
The job cuts come ahead of the bank's annual bonus payments which are usually delivered later in January and are expected to fall about 40%.

Your "free market", ladies and gentleman >

I don't understand what point you are making... they are making layoffs AND bonuses are lowering by 40%...which makes sense to me >

Potentially laying off people that are eligible for a bonus before they receive said bonus, i.e. "cost cutting" >

You don't lose your bonus to being layed off.. Sigh.
Most cases, you're still eligible to collect. Any lawyer who is capable of putting their pants on could get it for them. Though Goldman will likely pay them bonuses without that being necessary. >

Typically they pay out the bonus, get a severance package, and remaining vacation time paid out. Also I think there might be a law if they didn’t give them notice they have to pay them do a few weeks. But maybe it’s only certain states.