Goldman Sachs Asks Some Managers to Move From Major Hubs Like New York City to Emerging Regions Like Dallas — Or Quit

Goldman Sachs’ latest cost-cutting initiative, internally nicknamed “Project Voyage,” will ask select managers to move from central hubs like the bank’s downtown New York City office to emerging locations like Salt Lake City and Dallas — or leave the company.

According to a Bloomberg report, the investment bank is shipping its managers to growing locales to help develop talent pipelines in regions where the company is growing, thanks to the efforts of mainly junior-ranking employees.

Moving managers to Dallas and Salt Lake City could also allow Goldman to capitalize on office space.

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