Goldman Sachs is forcing hundreds of managers and employees to choose between relocating to Dallas, Texas, or Salt Lake City, Utah — or leaving the company entirely — as the Wall Street giant flees New York City. The move comes after NYC Mayor Mamdani's administration imposed massive tax increases and suffocating regulations that made operating costs in the city "unsustainable," according to the firm. The exodus marks the beginning of a broader corporate flight from the city, with one of the most iconic names on Wall Street now abandoning the financial capital it helped build. Employees are being given the ultimatum as part of a company-wide restructuring to escape New York's hostile business environment. The decision has sent shockwaves through the city and left Mamdani's administration scrambling as the economic fallout begins. Video footage shows the scale of the corporate retreat and the growing panic among city officials as tax revenue evaporates.
According to Barbara and Susan at Promethean Action, the damage, wars, robbery worldwide has been caused by the City of London and Wall Street for much of it. Maybe this is a good thing.
Why in the world are you posting something with a foreign language? French would be more understandable since it is 30% of our language and historically connected to our literature and culture.
You have to wonder what advantage there is to have a commie African mayor in New York wreaking havoc among the wall street class continually playing their own game in the Empire of Finance.
My question is: Is Mamdami simply allowed to go ahead to achieve a goal? To not interrupt an enemy to destroy itself while eating the other part of the same beast?
We moved south when I was 4, but I have been to NYC 3 times as an adult. First time 49 years ago and movies were 8 bucks and we were paying 2.25 in Florida. NYC has been a shithole only now its no longer flushing
This sounds a lot like California, which taxed and regulated so many businesses out of the state over the past many years. I truly hope this wakes up New Yorkers.
Also keep and eye on West Pam Beach Florida. They are building to recieve Wall Street and Silicon Valley. The plan is to move both and condense with AI. Data Centers galore and Mansions built like bunkers of course. They will blame Mamdami in the press while they do it, so it looks like a reaction.
Even better. just ignore it. It's d9ne so why do we care? It's failed so there's no more to say. Why are we obsessed with something we dissaprove of? Leave it to its ashes in its complete and utter failure. It's a shithole. Why do we care about it so much? If it's a huge and complete failure, isn't that a good thing since we dissaprove of it?
I agree, that was my first impulse. But after pondering on that a few minutes the old phrase "The only thing evil needs to prevail is for good men to do nothing." I am not trying to argue your position as it is valid, just trying justify mine.
My position is that New York will continue to be the financial center of the USA. And the rich will continue to live there or buy property there without living there. Nobody substantial is leaving. Maybe the wannabes.
Goldman Sachs home office is in Hoboken just across the river in NJ. I understand they have a smaller branch in NYC. Why not move to NJ or Long Island?
I am going to apply the 72 hour rule to this story. My gut tells me something askew here.
Partially true, but exaggerated and framed in a partisan way.
The X post from @elorwelliano claims Goldman Sachs is forcing hundreds of managers/employees in New York to relocate to Dallas or Salt Lake City (or leave the company) due to "unsustainable costs" from taxes and regulations under "socialist" Mayor Zohran Mamdani, framing it as the start of NYC's economic collapse.
Core facts that check out:
Goldman Sachs is indeed relocating/expanding in lower-cost hubs: The firm has been pushing some managers (hundreds affected in phases) to move from high-cost hubs like New York and London to places like Dallas (new $500M+ campus opening ~2028, capacity for ~5,000 employees) or Salt Lake City. Employees can relocate or leave. This is part of an internal effort (sometimes called "Project Voyage") focused on cost-cutting, talent diversification, and operational efficiency.
Plans for the Dallas campus and relocations predate or aren't solely driven by Mamdani. Reporting on this (e.g., Fortune, Bloomberg) goes back to early 2025.
NYC has faced business and population outflows for years (high taxes, crime, remote work, post-COVID shifts). Mamdani (a democratic socialist who won the mayoral race) has proposed tax hikes on the wealthy and corporations, which critics say accelerates this.
What's exaggerated or misleading:
Not a full "exodus" or "huye" (fleeing) of Goldman Sachs from NYC: This is selective relocation of some managers/operations for cost reasons, not abandoning Wall Street. Goldman still has a massive presence in New York. Broader Wall Street moves to Texas/Florida have been ongoing trends.
Direct causation to Mamdani's policies: Relocations were planned earlier for business reasons (real estate costs, talent pools, diversification). Mamdani's election and policies add pressure and are being blamed politically, but they're not the sole/original cause. Similar stories circulated with hype around his win.
"Pánico" (panic) in City Hall: Sensationalized. There are concerns, but no verified evidence of the mayor "losing it" over this specific move.
This fits a common pattern on X: a real trend (firms diversifying away from high-tax, high-cost NYC) is amplified with current political blame (here, the new socialist mayor). NYC faces real fiscal and competitiveness challenges, but the post presents it as a dramatic "announced death" triggered directly by Mamdani. Similar dynamics have played out in other cities with progressive policies, though outcomes vary.
Pray for Texas. Bunch of disgruntled lefties are being dumped on them. These are not people who are relocating because they saw the light on the liberal wasteland. They are there under protest.
Whenever I hear the latest installment of "NY is going to the dogs", it makes me think of Q "You cant tell the people, you have to show them".
Goldman Sachs is forcing hundreds of managers and employees to choose between relocating to Dallas, Texas, or Salt Lake City, Utah — or leaving the company entirely — as the Wall Street giant flees New York City. The move comes after NYC Mayor Mamdani's administration imposed massive tax increases and suffocating regulations that made operating costs in the city "unsustainable," according to the firm. The exodus marks the beginning of a broader corporate flight from the city, with one of the most iconic names on Wall Street now abandoning the financial capital it helped build. Employees are being given the ultimatum as part of a company-wide restructuring to escape New York's hostile business environment. The decision has sent shockwaves through the city and left Mamdani's administration scrambling as the economic fallout begins. Video footage shows the scale of the corporate retreat and the growing panic among city officials as tax revenue evaporates.
SOURCE: https://x.com/elorwelliano/status/2053697036801691783
According to Barbara and Susan at Promethean Action, the damage, wars, robbery worldwide has been caused by the City of London and Wall Street for much of it. Maybe this is a good thing.
Sometimes I think Mamdani's whole role is to decentralize NYC's power structure.
Plus you can’t ship the brainwashed woke to Cuba, but when it begins to manifest in NYC maybe they will wake up
Can't read the damn thang because it's in freaking Spanish!!!! Translate and THEN POST!!!!! Thank you for you're attention in this matter!!!!!!!!
Why in the world are you posting something with a foreign language? French would be more understandable since it is 30% of our language and historically connected to our literature and culture.
Mais oui.
See my reply above!!!!!
At this point I favor John Carpenter's vison for NYC.
But without a chance to escape
You have to wonder what advantage there is to have a commie African mayor in New York wreaking havoc among the wall street class continually playing their own game in the Empire of Finance.
My question is: Is Mamdami simply allowed to go ahead to achieve a goal? To not interrupt an enemy to destroy itself while eating the other part of the same beast?
Wall Street iis now all apartments. 9/11 destroyed the finance capital. All those buildings that housed offies are either apartments or condos today.
We moved south when I was 4, but I have been to NYC 3 times as an adult. First time 49 years ago and movies were 8 bucks and we were paying 2.25 in Florida. NYC has been a shithole only now its no longer flushing
One plumber to anothe plumber on the same job: "THE SHITTERS FULL AND IT CAN'T BE UNPLUGGED. WHAT'LL WE DO?????"
I apologize to ALL NEW YAWKERS for the shit that is about to happen to you BUT IT COULD HAVE BEEN PREVENTED...Please TAKE NOTE!!!!!
This sounds a lot like California, which taxed and regulated so many businesses out of the state over the past many years. I truly hope this wakes up New Yorkers.
Also keep and eye on West Pam Beach Florida. They are building to recieve Wall Street and Silicon Valley. The plan is to move both and condense with AI. Data Centers galore and Mansions built like bunkers of course. They will blame Mamdami in the press while they do it, so it looks like a reaction.
Go woke.. Go Broke. Boycott everything New York City
Even better. just ignore it. It's d9ne so why do we care? It's failed so there's no more to say. Why are we obsessed with something we dissaprove of? Leave it to its ashes in its complete and utter failure. It's a shithole. Why do we care about it so much? If it's a huge and complete failure, isn't that a good thing since we dissaprove of it?
I agree, that was my first impulse. But after pondering on that a few minutes the old phrase "The only thing evil needs to prevail is for good men to do nothing." I am not trying to argue your position as it is valid, just trying justify mine.
My position is that New York will continue to be the financial center of the USA. And the rich will continue to live there or buy property there without living there. Nobody substantial is leaving. Maybe the wannabes.
DFW is turning into Sharia central. Bold move Goldman.
Goldman Sachs home office is in Hoboken just across the river in NJ. I understand they have a smaller branch in NYC. Why not move to NJ or Long Island?
Mmmm how many of these employees voted for Mamdani? Are they moving to another state and voting the same way?
There goes the neighborhood!
I am going to apply the 72 hour rule to this story. My gut tells me something askew here.
Partially true, but exaggerated and framed in a partisan way.
The X post from @elorwelliano claims Goldman Sachs is forcing hundreds of managers/employees in New York to relocate to Dallas or Salt Lake City (or leave the company) due to "unsustainable costs" from taxes and regulations under "socialist" Mayor Zohran Mamdani, framing it as the start of NYC's economic collapse.
Core facts that check out:
What's exaggerated or misleading:
This fits a common pattern on X: a real trend (firms diversifying away from high-tax, high-cost NYC) is amplified with current political blame (here, the new socialist mayor). NYC faces real fiscal and competitiveness challenges, but the post presents it as a dramatic "announced death" triggered directly by Mamdani. Similar dynamics have played out in other cities with progressive policies, though outcomes vary.
Pray for Texas. Bunch of disgruntled lefties are being dumped on them. These are not people who are relocating because they saw the light on the liberal wasteland. They are there under protest.