Goldman Sachs Group Inc recently announced to provide job and internship offers to 1,460 Indian graduates and students this summer. This number of offers is the tantamount of nearly one fourth of its workforce in the country. It is going forward with all the expansion plans despite uncertainties and economic tension caused due to the Covid-19 outbreak in the country.
Gunjan Samtani is the head of the bank in India. In an interview organized this week he told the press that about half of the total offers were offers for full-time jobs at the bank’s technology centre in Bengaluru and the rest internships. The Bengaluru centre its second-biggest office globally.
“We are honoring each and every commitment that we make to our incoming interns and our college grads,” Samtani said.
He also told the interviewer that the bank was putting in place contingency plans that could allow it to move nearly half Goldman of its employees in India back to its offices when the country’s nationwide lockdown ends.
His assurance on hiring and offering internships is completely contrary to the fact that both domestic and international companies in the country right now, especially in tech and banking outsourcing sector are focusing on minimum possible new recruitment strategy and some are even executing layoffs. As the global economy tightens its belts for a slide into recession.