"No company is immune."

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 9 January 2023

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

A major investment bank became the latest (but not the last) to announce layoffs. (0:21) Jason Moser discusses: - Goldman Sachs cutting nearly 7% of its staff - Lululemon shares falling after the company lowered gross margin guidance - Why inventory levels will be a key retail metric to watch this upcoming earnings season (11:00) Kirsten Guerra and Lou Whiteman engage in Bull vs. Bear debate over Teladoc Health. Our new report, "5 Pullback Stocks" is available for free to Stock Advisor members. To access the report just go to www.fool.com/Pullback. Stocks discussed: GS, LULU ANF, AEO, TDOC, AMZN Host: Chris Hill Guest: Jason Moser, Kirsten Guerra, Lou Whiteman Producer: Ricky Mulvey Engineers: Tim Sparks, Rich Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We've got a bull versus bear on a pandemic darling.
0:08.2	Motley full money starts now.
0:09.6	I'm Chris Hale joining me.
0:16.6	Motley full senior analyst Jason Moser.
0:19.0	Happy Monday.
0:20.3	Happy Monday.
0:21.3	Happy Monday except for a few thousand people at Goldman Sachs because the Wall Street
0:25.9	Journal reported this morning that Goldman Sachs is planning to cut 3,200 jobs this week.
0:32.2	This amounts to nearly 7% of the overall employee base at Goldman Sachs.
0:37.8	Maybe not surprising given that we got wind of this in December when there were reports
0:43.3	that Goldman Sachs was going to be cutting their bonus pool for employees and continuing
0:49.2	what we saw last week with Salesforce and Amazon.
0:52.7	Yeah.
0:53.7	I mean, we were saying last week it feels like this is going to be a very common narrative
0:59.6	for 2023 at least for the front half of the year.
1:02.1	I mean, we're just, I don't think really anyone is immune out there.
1:05.6	I think any company over the last stretch of two or three years has dealt with phenomenal
1:12.4	challenges, unique situation and chances are we won't necessarily see these types of
1:19.4	conditions.
1:20.4	I mean, anytime in the near future, but ultimately what happened in no company's immune is just
1:25.6	to be the over hiring really, really took hold throughout all industries, right?
1:30.7	This isn't just tech when we look at Goldman Sachs.
	...

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