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Onegs 30

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business3 months ago

Goldman Sachs Plans Job Cuts and Hiring Slowdown Amid AI Overhaul

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.