Goldman Sachs denies rumors of hiring freeze, what’s zapping employee digital productivity and more

Hi there, comms connoisseurs.

Let’s explore some notable stories from July 18-22, 2022 — and pull out a few timely, tactical takeaways along the way:

Goldman Sachs CEO David Solomon said that the investment bank is slowing, but not freezing, its hiring efforts, despite its efforts to cut costs and prepare for a looming recession.

Yahoo Finance reports:

“There is no hiring freeze at Goldman,” Solomon said on Yahoo Finance Live at Goldman’s 10,000 Small Businesses Summit on Tuesday. “We’re looking at all our resources around the firm, financial and otherwise, and we are slowing the pace of our hiring. So we’ve grown the firm enormously over the course of the last few years. We’ve done a significant amount of hiring. We had planned to do meaningful hiring in the back half of the year. And we’re slowing it down. But we haven’t frozen it.”