Goldman Sachs Plans Job Cuts and Hiring Slowdown Amid AI Overhaul
TL;DR Summary
Goldman Sachs is implementing a major AI-driven overhaul called OneGS 3.0, which aims to enhance efficiency and client service through technological advancements. The firm plans a limited reduction in roles and will restrict headcount growth through the end of the year, focusing on transforming its operations to leverage AI for productivity gains, while maintaining a long-term growth strategy that anticipates an increase in overall staffing by the end of 2025.
- Goldman Sachs is cutting jobs as it unveils 'OneGS 3.0.' Read the memo detailing its AI-driven overhaul. Business Insider
- Goldman Sachs Tells Staff It Plans to Cut More Jobs This Year Bloomberg.com
- Goldman economists on the Gen Z hiring nightmare: ‘Jobless growth’ is probably the new normal Fortune
- Goldman Sachs warns of looming layoffs as AI reshapes Wall Street giant’s operations New York Post
- Goldman Sachs eyes layoffs and hiring slowdown amid AI push, memo shows Reuters
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