Remembering Wheesung Through His Iconic Albums - A Comfort for Fans

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  Remembering Wheesung Through His Iconic Albums - A Comfort for Fans" On March 10, 2025, we lost Wheesung (Choi Whee-sung), a voice that defined 2000s R&B with his soulful depth and explosive talent. He was only 43. As a fan, hearing this sudden news broke my heart, but his music remains a timeless gift that stays with us forever. With a heavy heart, I want to honor him by sharing his legendary albums, hoping to bring a little solace to all of us who loved him. 1st Album - Like A Movie (2002) This debut album introduced me to Wheesung. The title track "Can’t We?" with its heartfelt melody and his pleading voice won me over instantly, launching him to stardom. Songs like "Untold Story" still linger in my soul. It’s a treasure of his youthful passion. To us fans : "Play this and remember the first time you fell for him. His vo...
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How Goldman Sachs’ 2025 Layoffs Could Affect Your Career and Investments

 

How Goldman Sachs’ 2025 Layoffs Could Affect Your Career and Investments

Table of Contents

  1. What’s Happening at Goldman Sachs in 2025?
  2. Why Are Layoffs Happening Again?
  3. How Much Do Goldman Sachs Employees Earn?
  4. Goldman Sachs Stock Price Trends
  5. Revenue Performance Over the Years
  6. Key Terms Explained
  7. Recommended Products for Finance Enthusiasts

요약설명 (Summary)

Goldman Sachs plans to cut 3-5% of its workforce in 2025, affecting at least 1,395 employees. Dive into the reasons, salary insights, stock trends, and more! (139 characters)

상세설명 (Detailed Overview)

In 2025, Goldman Sachs will reduce its workforce by 3-5%, impacting over 1,395 of its 46,500 employees, mainly VP-level staff. This follows a strategic review targeting 2-7% annual cuts based on performance. Curious about salaries, stock prices, or revenue trends? This post explores it all, plus CEO insights on the economy and Trump’s trade policies. Stay ahead in finance with this deep dive! (324 characters)

What’s Happening at Goldman Sachs in 2025?

Big news from Wall Street! Goldman Sachs, a global investment banking giant, is set to trim its workforce this spring. Around 3-5% of its 46,500-strong team—think at least 1,395 people—will face layoffs. The focus? Vice President-level execs. If you’re in finance or eyeing a career here, this shift might catch your attention.

Why Are Layoffs Happening Again?

Goldman calls it a “Strategic Resource Assessment” (SRA)—a fancy term for their yearly performance review. Each year, they aim to cut 2-7% of staff, depending on market vibes and financial goals. Back in 2023, they slashed 3,200 jobs while exiting consumer banking. Last September, another round hit. This time, it’s “business as usual,” they say—cost-cutting and making room for fresh talent. CEO David Solomon even shrugged off recession fears, pointing to a solid U.S. economy despite trade policy uncertainties.

How Much Do Goldman Sachs Employees Earn?

Wondering about the paycheck? Here’s a peek:

  • Analyst: $80,000 - $120,000/year
  • Associate: $150,000 - $250,000/year
  • Vice President (VP): $250,000 - $400,000/year + bonuses
  • Managing Director: $500,000+ with hefty bonuses
    These figures vary by location and performance, but layoffs often hit mid-tier VPs hardest. Bonuses can double base pay, making finance a lucrative gig!

Goldman Sachs Stock Price Trends

Investors, take note! Goldman Sachs (ticker: GS) has seen ups and downs:

  • 2023: $343/share (year-end)
  • 2024: Climbed to ~$450/share by late 2024 (based on market trends)
  • 2025 Outlook: Analysts predict stability unless trade policies shake things up.
    Check real-time prices on Yahoo Finance or Bloomberg for the latest!

Revenue Performance Over the Years

Goldman’s revenue reflects its Wall Street clout:

  • 2021: $59.3 billion
  • 2022: $47.4 billion (market dip)
  • 2023: $46.3 billion
  • 2024: Estimated $48-50 billion (projected recovery)
    Layoffs align with cost control, but their trading and advisory arms keep cash flowing.

Key Terms Explained

  • SRA (Strategic Resource Assessment): Annual review to optimize staff based on performance metrics.
  • VP (Vice President): Mid-level exec role, often managing teams or deals.
  • Consumer Banking Exit: Goldman’s pivot from retail (like Marcus) back to core strengths—investment banking and trading.
  • Trade Policy Uncertainty: Risks from tariffs or global shifts, as noted by CEO Solomon.

Recommended Products for Finance Enthusiasts

  1. Book: The Intelligent Investor by Benjamin Graham – Timeless investing wisdom.
  2. Tool: Bloomberg Terminal Subscription – Real-time market data.
  3. Course: Coursera’s “Financial Markets” by Yale – Boost your finance IQ.

#Tags: #GoldmanSachs #Layoffs2025 #FinanceCareers #StockMarket #InvestmentBanking #WallStreet #DavidSolomon #TradePolicy #RevenueTrends

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