No Goldman Sachs Layoffs. But Why?

This is what happens next with Dallas, Warsaw and Bangalore

In March, I said Goldman Sachs wouldn’t cut in May.

Then they did. I was shocked… don’t believe me? Go read my March 3rd/7th edition.

700 people gone… mostly remote VPs totally cut and removed while the headlines stayed focused on Fed pivots and tech earnings. It broke precedent. Goldman never executes its Strategic Resource Assessment (SRA) layoffs in Q2. And yet, this year, they did.

Now? September’s rumored second round is “on hold.” But if you know how these cycles work… if you understand how deeply embedded workforce planning is inside a firm like GS, then you already know the truth:

Paused does not mean canceled.

Wall Street doesn’t reshuffle layoffs like meetings on a calendar. These aren’t decisions made on a whim. Especially not inside a firm known for its playbook precision. Layoffs of this scale require legal reviews, budget timing, severance runway, and HR choreography. If they were in motion, they’re still alive. Just dormant.

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