Goldman Sachs is competing with technology giants such as Microsoft, Amazon, Facebook and Google for engineering talent, officials from the Wall Street bank revealed at the firm’s Technology and Internet Conference on Wednesday.
George Lee, co-chief investment officer of Goldman Sachs, disclosed that the majority of its engineering workforce comes from technology companies from all over the world. The investment bank has some 10,000 developers, roughly a quarter of its total workforce.
According to CNBC, the bank is constantly brushing with new technologies, ranging from cloud infrastructure to new applications like Apple Card, an iPhone-powered credit card. In hiring top engineers, Lee said Goldman Sachs has to play into the trends of software with a more “distributed workforce.”