| Author | Message | ||
     Ashton Hero Username: Ashton Post Number: 12035 Registered: 05-2008 Posted From: 64.20.45.178 Rating: N/A |
http://www.businessinsider.com/goldman-sachs-is-firing-emplo yees-in-the-us-so-it-can-hire-1000-in-singapore-2011-6 Goldman Sachs Is Firing Employees In The US So It Can Hire 1,000 In Singapore > Goldman Sachs is going to fire employees in the U.S. and some other countries so that it can hire 1,000 in Singapore, where it's cheaper. > The jobs in Singapore are likely to be “high-paying, skilled positions in sales and investment banking,” the same types that are likely to be cut in the firm’s domestic operations, according to one person with knowledge of the matter. This person added that the firm has recently briefed people in Washington about the new overseas jobs because it “is afraid of the fallout” as it plans to slash $1 billion in costs over the next year — a move that will mean a significant, though still undetermined number of layoffs across its operations, though people close to the firm expect the biggest hit to come from the US. |
