Goldman CEO About To Get ROCKED By Life As A Rich Guy
Channel: Stock Docta' Trading
Date: 2022-12-30

#davidsolomon #goldmansachs #solomonceo #goldmanLayoffs #shorts 
Goldman Sachs CEO David Solomon warning to staffers that job cuts could be coming next month or are coming next month. Solomon making the announcement. The cuts could be up to 8% of Goldman's workforce. So it's going to be across the firm. But this is, you know, the deepest cuts I can ever remember. This is a serious round of layoffs.
How much of a black eye is this for the CEO? David Solomon? But yeah, this is a black eye. I mean, look, they they were recommitted to the strategy, you know, not just six or eight months ago. The numbers that are being floated, you know, individually for four layoffs keep getting bigger. You know, this is a real a real black eye, I think, for for the administration there.
So the next six or eight weeks are going to be incredibly fraught for for David. You know, he's going to start the new year with layoffs, series layoffs. He's going to announce fourth quarter earnings, annual earnings. You're going to see huge losses in consumer, I'm told. Also very sizable losses in asset management. The next day, they're going to hand out bonuses internally that are going to be largely disappointing.
And then it's going to come back to New York and do an all day investor presentation.

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