Goldman Sachs has informed employees of potential job cuts and a hiring slowdown through the end of the year, according to an internal memo seen by Reuters, as the Wall Street giant aims to use artificial intelligence to enhance productivity.
Calling the initiative "OneGS 3.0", the memo said some of the priorities for its AI initiative are sales and client on-boarding process, as well as other critical areas such as lending processes, regulatory reporting, and vendor management.
https://money.usnews.com/investing/news/articles/2025-10-14/goldman-sachs-eyes-job-cuts-and-hiring-slowdown-amid-ai-push-memo-shows