Morning Coffee: Goldman Sachs' New-old Way Of Cutting Staff Costs. Would You Take Retirement In The Middle Of Your Career? | Efinancialcareers
Goldman Sachs has got a new way of keeping the amount of money it spends on people down. : if you're working on Wall Street, how far from the physical Wall Street can you actually be? According to an article in Business Insider today, Goldman Sachs reckons that the definition of the financial district can stretch as much as 2,200 miles (32 hours by Uber, if the traffic is good), to Salt Lake City and that's about to get stretched further still. Goldman's also begun hiring in Richardson Texas (24 hours cab ride to NYC) and Utah (33 hours).