Money

Goldman quietly lays off workers amid MD announcement

Published

1 month ago

November 3, 2023

ticker NEWS

Goldman Sachs has initiated a discreet round of layoffs within its ranks, all while announcing a new class of managing directors.

The layoffs, which some employees have described as a “stealth” action, have raised eyebrows in the financial world, leaving many wondering about the motives behind this sudden workforce reduction.

The investment banking giant, known for its opaqueness when it comes to personnel changes, has not disclosed the exact number of employees affected by the recent job cuts.

However, insiders suggest that the layoffs are significant and have occurred across various departments. This covert approach to workforce reduction contrasts with the firm’s public announcement of a fresh batch of managing directors, creating a sense of intrigue within the organization.

The timing of these actions has also sparked speculation. As the global economy faces uncertainty and financial markets remain volatile, the decision to trim its workforce appears unusual.

Some experts argue that this move could be a strategic maneuver to maintain profitability, while others question whether it signals a broader shift in Goldman’s business strategy.

As the financial world tries to make sense of Goldman Sachs’ “stealth” layoffs and the simultaneous promotion of managing directors, it leaves us pondering: What could be the reasons behind this covert move, and how might it impact the firm’s future?

Leaders

Diversifying and enhancing payment methods

Published

23 hours ago

December 8, 2023

ticker NEWS

American Express reveals Australian homeowner bill payment insights

In response to the growing trend of card and tap-and-go payments, organisations are adapting their systems to accommodate diverse payment options.

American Express recently conducted research shedding light on homeowner sentiments towards local councils, with a focus on Australian attitudes and behaviours related to bill payments.

Vice President and General Manager of Global merchant services at American Express, Robert Tedesco, provides his insights.

Leaders

Explosive growth and dominance of the audio industry

Published

1 day ago

December 8, 2023

ticker NEWS

Global radio market hits staggering $143 billion valuation, cementing audio industry’s dominance

The audio industry continues to assert itself as a formidable force, with the 2023 global radio market reaching a substantial value of $143 billion.

The podcast market has surged to an impressive worth of $18.52 billion, showcasing a compound annual growth rate of 27.6%.

Tony Simmons, CEO and founder of Sonnant, discusses how the audio industry can be made even better.

Presented by VentureCrowd – To find out more about Conscious Investing, head to www.venturecrowd.com.au

Money

Nick Kyrgios shocks fans with surprise OnlyFans announcement

Published

1 day ago

December 8, 2023

ticker NEWS

Tennis sensation Nick Kyrgios sent shockwaves through the sports and entertainment world today as he revealed a surprising career move.

The Australian athlete, known for his fiery on-court antics and charismatic personality, has announced his entry into the world of OnlyFans, a platform typically associated with adult content creators.

In an unexpected turn of events, Kyrgios took to social media to share the news with his followers. He stated, “I’ve always enjoyed pushing boundaries and breaking the mold. I’m excited to announce that I’ll be joining OnlyFans to share exclusive content and connect with my fans in a new way.”

The announcement has left fans and pundits alike wondering what kind of content Kyrgios will be sharing on the platform.

The decision has sparked a debate about the intersection of sports and social media, as well as the evolving landscape of content creation.

Some fans are eagerly anticipating behind-the-scenes glimpses of Kyrgios’s life, while others are questioning the potential impact on his professional tennis career.