It's quite common in investment banking. A bunch of them do it. https://www.quora.com/Could-Goldman-Sachs-strategy-of-firing-the-bottom-5-10-of-staff-every-yea

It's quite common in investment banking. A bunch of them do it. https://www.quora.com/Could-Goldman-Sachs-strategy-of-firing-the-bottom-5-10-of-staff-every-year-work-for-all-businesses https://www.quora.com/Could-Goldman-Sachs-strategy-of-firing... I think Barclays also used to do it. It's shitty thing to do to people. But you don't need me to tell you they're shitty companies.