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Jenny Brandt Howell, a partner at D&R in New York, pointed out that if the number of layoffs is large, people will immediately think that something must be wrong with the company, which will have a negative impact. Goldman Sachs' approach is more like saying, "We are laying off employees, and we don't want to give an explanation." This approach is more secretive.
This also reflects the philosophy of Goldman Sachs. Last month, Goldman Sachs Chief Financial Officer Harvey Schwartz pointed out at a meeting that the investment bank had not found a reason to make a layoff announcement because the layoffs were in normal business operations. You have to keep the business running, the executive said. If the revenue environment is not good and you are on a downward trajectory, you will have to make layoffs. So you probably won't hear us make many layoff announcements.
&Shenzhen Dalian Precious Metals Spot Investment Promotion