Amid lockdown, Goldman Sachs to on-board 1,460 campus hires

Goldman Sachs will honour its commitment made prior to the lockdown to all full-time hires and interns in India.

Amid the COVID-19 pandemic, while many companies are forced to conduct layoffs and implement furloughs, Goldman Sachs Group Inc will be on-boarding 1,460 Indian graduates and students this summer.

The global investment banking firm said it will honour its commitment made prior to the nationwide lockdown to all full-time hires and interns in India.

Gunjan Samtani, Head, Goldman Sachs Service in India, said: “Among 14,60 offers, about half of those were for full-time jobs at the bank's technology centre in Bengaluru and the rest are internships.”

He further added, “The bank was putting in place contingency plans that could allow it to move 40-50 per cent of its workforce in India back to its office when the lockdown ends.” However, the New York headquartered firm have shown little appetite for hiring after the first quarter.

The firm said it was still recruiting globally but proceeding more cautiously due the current crisis. Goldman had launched a $250-million office campus in Bengaluru last year that can seat up to 9,000 employees. The campus currently houses over 5,000 workers.