Investigation of Layoffs at Goldman Sachs
Sanford Heisler Sharp McKnight, a national employment rights law firm, is investigating potential claims of wrongful termination, discrimination, retaliation, and violations of the WARN Act surrounding the reported layoffs at Goldman Sachs.
According to The Wall Street Journal, Goldman Sachs will lay off up to 5% of its workforce as early as this month, with the layoffs specifically targeting those in vice president roles. Goldman Sachs is reportedly using recent sub-par performance reviews as a pretext for termination, which will impact some 1400 employees.
Layoffs that are “performance-based” can mask violations of employment law. You may have been wrongfully terminated if your termination is based on a protected status (e.g., race, gender, religion, sexual orientation identity, sex, pregnancy, national origin, age, or disability)
We Represent Executives in Disputes with Their Companies
With an office in New York’s Financial District and five other cities across the country, Sanford Heisler Sharp McKnight is a leading advocate for working-class professionals and C-suite executives’ employment rights.
Our Executive Representation Practice Group, led by Firm Chairman David Sanford, has negotiated hundreds of millions of dollars in pre-suit settlements for individuals with claims against their employers in the finance, legal, and consulting industries, among others. Most of the matters we handle are settled confidentially before a lawsuit is ever filed. Our attorneys understand the complexities involved in bringing a claim against your former employer, and our communications with an employer’s counsel remain private throughout the phases before a complaint is filed that lead to settlement.
Steps to Take When Presented with a Severance Agreement
We often hear from employees who are unhappy with the severance agreements and packages presented to them and are unsure of the options they have. To ensure that your workplace rights are protected, a severance agreement should always be reviewed prior to signing it.
Severance agreements often include language stipulating that, as the employee, you release all of your potential legal claims against your employer to the extent permitted by law. Severance agreements also sometimes include non-disclosure agreements (NDAs) to keep the details of your layoff from becoming public, and non-disparagement clauses that can easily expose the laid-off employee to legal liability.
If you were laid off by Goldman Sachs and you believe your rights may have been violated, please contact our firm today.
