marcus goldman sachs burnout 4x3

Summary List Placement

Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:

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 office

Goldman Sachs recently told incoming interns they’ll work in the office this summer, sparking a frenzy among students who are searching for housing. We spoke with two incoming interns who detailed the hunt for housing in New York City. Here’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 office

  These 4 sectors are set to benefit from President Biden's American Families Plan, UBS says

Jamie Dimon is ready to get back to in-person work, and laid out his return-to-office plans in his annual shareholder letter. These 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.

Humana just poached a veteran Goldman Sachs banker to lead M&A and corporate development

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

Houlihan Lokey, Wall Street’s top restructuring bank, is making several key hires to buttress its European healthcare team. Meet its two newest hires.

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 …read more

Source:: Business Insider


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