Goldman's Careful Approach to Job Cuts

The video discusses the reasons behind company layoffs, focusing on Goldman Sachs. It explores executive insights on job cuts, the strategy behind them, and how data on layoffs is collected through WARN notices. The analysis highlights the incomplete picture due to geographical limitations and the correlation between layoffs and revenue changes.

What is one reason Goldman Sachs might avoid making large job cuts?

• To avoid media attention

• To keep optionality in the business

• To comply with government regulations

• To maintain morale among employees

What is the purpose of WARN notices filed by companies?

• To notify employees about potential job terminations

• To report annual revenue

• To inform the government about new hires

• To announce company profits

How did the reporter gather data on Goldman Sachs' layoffs?

• By interviewing employees

• By analyzing WARN notices

• By reviewing financial statements

• By conducting surveys

Why might the layoff data from New York not provide a complete picture?

• It focuses solely on revenue changes

• It only includes senior employees

• It excludes international offices

• It is based on outdated information

What challenge is mentioned in correlating layoffs with revenue changes?

• Revenue dropped more than the layoff percentage

• Layoffs are based on employee performance

• Layoffs are not always linked to revenue

• Revenue data is confidential