Sweat Shop culture in technology - Vice President Goldman Sachs Employee Review

2.0
Jul 18, 2015
Recommend
CEO approval
Business outlook

Pros

Good on resume Good Benefits and meeting some talented folks

Cons

constant cost cutting initiatives. Goldman technology feels they are great in technology and different than other firms.Surprisingly these comments only come from people who have never worked outside the firm. Reality is that they are not really different and in fact their technology is very out dated resulting in hard work for people and difficult release cycle. Everyone I meet has a constant fear of layoffs. They are just hanging in there till the inevitable layoffs happens Not a good option for 10+ years experience laterals.Most would be used for layoffs bucket or lower ratings in appraisal cycle Benefits that used to great are declining every year.health benefits premiums and deductible has increased a lot No work from home even for genuine cases All in all not worth the hard work you put in. Better compensation/work life balance outside Technology is on constant cost cutting. Form outsourcing to below average compensation to extra works hours, they are master of squeezing employees for profits. There Idea is hire only college graduates and lay off people above 35. It has a 20-20 un official rule. Be prepared to work 20% more on 20% less salary than competitors. They will really keep an eye on you on every small things like when you come to office,how may breaks you take etc. Micro Management to the core Everyone I meet has a constant fear of layoffs. They are just hanging in there till the inevitable layoffs happens Not a good option for 10+ years experience laterals.Most would be used for layoffs bucket or lower ratings in appraisal cycle Benefits that used to great are declining every year.health benefits premiums and deductible has increased a lot No work from home even for genuine cases All in all not worth the hard work you put in. Better compensation/work life balance outside

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5.0
Jul 3, 2026
Recommend
CEO approval
Business outlook

Pros

a lot to learn, and can learn fast,

Cons

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3.0
Jun 30, 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The firm encourages and supports to change teams, which is helpful in expanding experience or moving away if you aren't happy with your team

Cons

The promotion has become very opaque lately. They hardly give out promotions, but make you slog and overwork the whole year in the name of it. Basically, you have worked 200% and made to look like a fool by the end of the year.

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