Banking and financial services company Goldman Sachs Group Inc. is planning to open a new office campus location in the Dallas area which could potentially be the company’s largest facility outside of New York City.
The campus is part of Chief Executive Officer David Solomon’s plan to reshape U.S. operations geographically and cut company costs by strategically moving jobs to lower cost locations, Bloomberg reported.
“We continue to grow our presence in the Dallas area but cannot comment at this time on our future expansion plans,” Maeve DuVally, a company spokeswoman, said, according to Bloomberg.
Dallas Business Journal reported that Chief Financial Officer Stephen Scherr said that the company already had plans to move its workforce to strategic cost-saving locations and that the COVID-19 pandemic just accelerated the process.
“That’s not to say we’re any less committed to New York or London or Hong Kong, but we now have a greater level of confidence about the ability to further penetrate locations such as Salt Lake City or Dallas or Bangalore,” Scherr said at an industry conference, Dallas Business Journal reported.
Goldman recently added more than 330 Dallas-based job listings to its online career portal.
“Leading businesses continue to choose Texas to build their future,” Texas Gov. Greg Abbott wrote in a June 29 Twitter post. “The financial sector in particular is booming. Goldman Sachs is planing [sic] a new huge Dallas Campus. It will be Goldman’s largest presence outside of Manhattan.”
Goldman’s current Dallas office is located at the Trammell Crow Center downtown and the company also has an office in Richardson.
A Goldman spokesperson told Dallas Business Journal that Goldman’s employs roughly 2,800 Texas residents between its Dallas and Richardson offices.
The company is reportedly looking for a space that has less than 1 million square feet for its new Dallas office campus location.
