Welcome to the WSO weekly wrap-up, where I talk with my team about the five most

trending discussions in the Wall Street Oasis community. Enjoy. So first things first,

everyone, Goldman Sachs layoffs is what was training the topic as number one for this week.

So guys, feel free to give us your

opinion here. What does this say about the work culture of Goldman and how does it affect the

employees? Patrick, you go first. Yeah, I don't think this really has much to say about anything

about the culture of Goldman. I know some people on the forums were pissed off because of the

way people were let go.

They actually, I think some of them went into lobby and they couldn't, their key cards weren't working is what I heard, which is kind of crazy. Have you ever seen that or heard anybody? Yeah. I mean, that's the usual stuff in finance, right? They just take you to you. I mean, they don't even take you to your desk sometimes. they just like you can you can I mean they'll take you to the office and they'll be like, yeah, you can get off now. I think they usually send it. I don't know. Yeah, the box and the escorted by security is pretty normal. But I don't know, Sarah, how do they do it in Lebanon? They kick you out right away. Slate yourself laid off in you. There's what? There's a lot of people laid off?

Yeah.

Do you know how they do it or no?

They are doing well, actually. They used to.

They're used to it. Okay. Yeah. So we basically like, I think in the U.S., I remember in the great financial crisis, like Lehman, I think everyone just had to go in and get their stuff, but they were, I don't think their key cards

didn't work.

So Goldman maybe could be a little more smooth around, like letting people know.

Because I think, I mean, that's pretty tough.

I got some insider info here, Pat.

I actually know someone from Goldman in NYC working on their S-South and training desk.

And what they said happened last week was actually just a simple tap on the shoulder.

They walked through the aisles there on the training desk.

And if you get tapped on the shoulder, that pretty much means you're one of the few that's going to be let go.

So they tap you on the shoulder.

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