Goldman Sachs Signals Job Cuts and Hiring Slowdown Amid AI Push
Goldman Sachs plans a limited job reduction and hiring freeze through year-end to boost productivity using AI as part of its OneGS 3.0 program, with workforce up 5% in Q3.
- Goldman Sachs announced plans for job cuts in 2025 as part of its OneGS 3.0 strategy focused on artificial intelligence, according to Bloomberg.
- The bank intends to limit headcount growth for the rest of the year while still predicting a net increase in staff.
- Goldman Sachs aims to use AI to improve productivity and efficiency, as outlined in its initiative to enhance various business processes.
- The upcoming layoffs will target roles involving routine work, which are likely to be replaced by AI systems, according to the company memo.
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Goldman Sachs eyes layoffs and hiring slowdown amid AI push
Goldman Sachs is cutting jobs as it unveils 'OneGS 3.0.' Read the memo detailing its AI-driven overhaul.
Goldman Sachs CEO David Solomon addressed AI spending this week at a conference in Italy.MARCO BERTORELLO/AFP via Getty ImagesGoldman Sachs is overhauling its marquee OneGS program, launching "OneGS 3.0."The bank told employees Tuesday in a memo it would leverage AI to accelerate its efficiency goals.As part of that, Goldman announced headcount constraints and a "limited reduction" of some jobs.Goldman Sachs is rolling out a major AI-driven over…
Goldman Sachs informs staff of potential layoffs, hiring slowdown amid AI push - report (GS:NYSE)
Goldman Sachs Group (GS) is said to have informed its employees of potential job cuts and a hiring slowdown through 2025-end amid a push to enhance productivity using artificial intelligence.
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