Goldman Sachs Warns of Looming Layoffs as AI Reshapes Wall Street Giant’s Operations

Goldman Sachs is preparing for another round of layoffs as part of a sweeping corporate overhaul driven by artificial intelligence, CEO David Solomon’s management team told staff in a companywide memo obtained by The Post.

The Wall Street powerhouse will “constrain headcount growth through the end of the year” and carry out a “limited reduction in roles across the firm,” according to the Tuesday memo — the same day the bank reported record third-quarter profits.

“Even when the business is performing well, we have an obligation to review our operations carefully and position the firm for the future,” Goldman management wrote.

“We don’t take these decisions lightly, but this process is part of the long-term dynamism our shareholders, clients, and people expect of Goldman Sachs.”

Goldman’s global headcount stood at 48,300 as of Sept. 30, nearly 2,000 more than a year earlier.

“The firm will finish the year with a net increase in headcount overall,” Jennifer Zuccarelli, a Goldman spokesperson, told The Post. (Read more from “Goldman Sachs Warns of Looming Layoffs as AI Reshapes Wall Street Giant’s Operations” HERE)

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