Bengaluru man laid off from Goldman Sachs month after promotion

A Bengaluru man who was working as the vice president of equities risk trading at multinational investment company Goldman Sachs was laid off a month after being promoted. Read his story here.

Published on: Jan 17, 2023, 13:05:42 IST

By Yamini C S

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Amid thousands of layoffs at multinational investment company Goldman Sachs, a new instance has come to light wherein a Bengaluru man, who was the vice president of equities risk trading at the firm, was let go barely a month after being promoted. The US firm is cutting off 6.5 percent of its workforce, among which Manas Ranjan Panda is also one of the affected.

Goldman Sachs is cutting off 6.5 percent of its workforce, among which Manas Ranjan Panda is also one of the affected. (iStock photo)

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Panda wrote about the lay off on LinkedIn and notified potential employers that he is now ‘open to work’. Saying that his lay off came barely a month after his promotion, he added that it has taken him some time to absorb the bad news. “It has taken me sometime to absorb the news as I was promoted just last month and made good profits for the firm in the last two years,” he posted.

Asking his connections for new job openings in investment banking and corporate strategy, he said, “I am now looking forward to my next opportunity and open to work/business.”

READ | Bengaluru: IIT graduate laid off by Goldman Sachs 6 months after joining

This comes days after a 23-year-old IIT Kharagpur graduate from Bengaluru was also laid off from the investment giant six months after joining. The youth, Shubham Sahu, who had celebrated his 23rd birthday days before getting laid off, said it was his first job and losing it was a "different way to start a year".

ABOUT THE AUTHOR
Yamini C S
Yamini CS is a Senior Content Producer at Hindustan Times with nearly six years of experience in digital journalism. She is part of the India News desk, where she works on a wide range of stories cutting across civic issues, city-based developments, politics, governance, public policy, breaking news, trending topics, and international affairs that have an impact on India. Her role involves tracking fast-moving developments, verifying information from official and on-ground sources, and presenting news in a clear, accessible format for a digital-first audience. A significant part of her work includes handling live blogs during major news events, such as elections, court verdicts, political developments, civic disruptions, protests, weather-related alerts, and unfolding national or international incidents. Through live coverage, she focuses on timely updates to help readers follow complex stories as they evolve. Before moving to the broader India News desk, Yamini was associated with the Bengaluru desk at Hindustan Times, where she extensively covered urban governance, infrastructure, traffic and transport issues, weather events, public grievances, and civic administration in the city. This experience strengthened her grounding in city reporting and sharpened her focus on citizen-centric journalism. She began her career as a correspondent with Reuters after completing a postgraduate diploma in journalism from the Indian Institute of Journalism and New Media. Her early training instilled a strong emphasis on accuracy, sourcing, and news ethics, which continue to shape her reporting style. Outside of work, Yamini enjoys reading across genres, listening to music, and spending time with her family, which help her maintain balance in a fast-paced newsroom environment.Read More

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