Exodus at Goldman Sachs' Marcus
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- How burnout spread through Goldman Sachs' Marcus team and triggered an exodus of tech talent.
- Incoming interns at Goldman Sachs are scrambling to find housing in NYC after finding out their programs will be in person.
- JPMorgan CEO Jamie Dimon criticizes remote work in his annual letter to shareholders.
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Burnout, blown deadlines, and a tech-talent exodus: How Goldman Sachs' Marcus is struggling to live up to its lofty consumer-banking ambitions
Employees of Goldman Sachs' consumer business Marcus are quitting in droves as they feel the effects of burnout and top-down management.See what's causing an "avalanche" of exits at Marcus.
Goldman Sachs interns are scrambling to find housing in New York City this summer as the bank prepares them to head into the officeHere's what they told us.
JPMorgan CEO Jamie Dimon says remote work can undermine the 'character' of a company and lays out the bank's plans for the future of the officeThese are some of the letter's key takeaways.
IBM's cloud head lays out the tech giant's future plans and the biggest opportunities for increasing adoption of the cloud on Wall Street
IBM announced the wide release of its financial services-focused cloud offering. Howard Boville, head of IBM's hybrid cloud, discussed the opportunity for the tech on Wall Street.
After 18 years at Goldman, former banker Logan Nicholson has left to lead Humana's corporate development and M&A team. More from his move here.
Houlihan Lokey poached 2 healthcare dealmakers from RBC Capital Markets in London as the investment bank gears up for a wave of M&A in the sector
Lazard just told its incoming investment-banking summer interns their program will be virtual, as the bank eyes a broader, hybrid return to office after Labor Day
Lazard's incoming investment-banking interns in the US will work virtually. Get all the details, along with Lazard's broader plan for a return to the office, here.
Plaid just raised $425 million at a $13.4 billion valuation, bringing on new investors Altimeter, Silver Lake, and Ribbit as it eyes an eventual IPOHere's what you need to know as it eyes an IPO.
Larry Fink doubles down on urging companies to disclose net-zero plans as BlackRock's own policies come under a microscopeGet the full rundown from the CEO's letter.
Goldman Sachs responded to burnout fears in its consumer division by making evenings and Fridays 'audio only,' encouraging staff to go for walks and talk on the phone instead
In an attempt to combat Zoom fatigue, Goldman's consumer business instituted "audio only" evenings and Fridays, an idea that was laid out in an internal memo. See the full memo here.
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