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GS Technology is on a downward spiral - stay away.

Vice President - Technology
Current Employee
Has worked at Goldman Sachs for 20 years
December 13, 2015
New York, New York
2.0
Doesn't RecommendNegative OutlookApproves of CEO
Pros

Great training program for new grads. They hire smart people (mostly). Lots of different problems to solve. Internal platforms and other standardizations make development easier. It's still good to have on your resume. They are hiring like crazy (because so many technologists are leaving).

Cons

With smarts comes arrogance. This isn't unique to GS, but wow, is it a lot.

Poor equipment. No large screen monitors. We have 10-year-old small 1280x1024 monitors! It's difficult to work on those things.

Many managers are not technical. It's gotten worse over time, and it's at its worst now.

Forced ranking system: 1-5. Only 1 and 2 get bonuses. The policy is to screw everyone else so they leave on their own volition.

They cannot keep new hires from college. 90% of the "NAPAs" from two years ago have already left.

Smart people are leaving in droves. Most good managers have left in the past two years, and hundreds of great technologists have fled. This is not an exaggeration.

So many people have left; many teams are down to bare bones, and that is a dangerous situation.

Advice to Management

It's a shame. I used to be proud of GS and loved working here. Paul Walker and Marty Chavez are remaking GS technology, and that's not a good thing for many there. Cost cutting is rampant; tech management is not involved or visionary.

Paul Walker should stop being "tweeter in chief" and actually engage with the people that are there. Who cares about the hackathons for new grads? Just having a random hackathon doesn't give GS technology its soul back. You need to employ managers that care and are empowered to do more than cut costs and retire legacy systems.

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