As layoffs slam the financial industry, former Wall Street employees are taking to LinkedIn in search of greener pastures.
This week, Goldman Sachs continued slashing jobs that mostly impacted its investment banking and global market arms — and they’re certainly not the only ones.
In recent months, Morgan Stanley has cut its workforce by around 2%, while HSBC slashed 200 jobs, as the industry prepares for a recession.
“The series of downsizing at banks have pushed out hundreds of bankers and created even more competition in the local job market,” Arnaldo Oliveira, founder and CEO of recruitment firm Orion Executive Search International, told Reuters.
In wake of these layoffs, former Goldman Sachs employees are touching base with recruiting specialists to find new career opportunities.
“I am on H1B and have limited number of days to find another employment to continue my career in the United States…I come from a rural family so it has been one roller coaster of a journey, overcoming social and financial restrictions to come here,” Shilpi Soni, a recently laid-off software engineer that worked at Goldman for 19 months, wrote on LinkedIn.
“Knowing from where I started, being laid off hurts. But, I am still hopeful that this may not be the end of my journey here in the US.”
