{"id":503369,"date":"2025-10-16T05:35:16","date_gmt":"2025-10-16T05:35:16","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/503369\/"},"modified":"2025-10-16T05:35:16","modified_gmt":"2025-10-16T05:35:16","slug":"goldman-sachs-to-employees-in-memo-expect-more-rounds-of-job-cuts-its-become-increasingly-clear-that","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/503369\/","title":{"rendered":"Goldman Sachs to employees in memo: Expect more rounds of job cuts, \u2018it\u2019s become increasingly clear that\u2026\u2019"},"content":{"rendered":"<p> <img src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/goldman-sachs.jpg\" alt=\"Goldman Sachs to employees in memo: Expect more rounds of job cuts, \u2018it\u2019s become increasingly clear that\u2026\u2019\" decoding=\"async\" fetchpriority=\"high\"\/> Goldman Sachs has reportedly informed its staff to expect an additional round of job cuts before the end of the year, as the bank looks to achieve further savings and leverage efficiencies gained through artificial intelligence (AI). The New York-based firm plans a \u201climited reduction in roles across the firm\u201d and will \u201cconstrain headcount growth through the end of the year,\u201d Bloomberg reported, citing an internal memo sent to employees.Despite the planned cuts, bank spokesperson Jennifer Zuccarelli stated that Goldman Sachs expects to finish the year with an overall increase in headcount. The firm\u2019s total employment stood at 48,300 at the end of September, an increase of about 1,800 employees since the end of last year, the report said.<\/p>\n<p>Goldman Sachs announces OneGS 3.0 strategy driven by AI<\/p>\n<p>The memo, which announced the bank\u2019s new \u201cOneGS 3.0\u201d strategy, touted the efficiency gains expected from AI as a path to greater growth. Top executives emphasized that implementing AI across areas like client onboarding, lending processes, regulatory reporting, and vendor management would be a &#8220;multiyear effort.&#8221;\u201cWhile we are still in the early innings in terms of assessing where AI solutions can best be deployed, it\u2019s become increasingly clear that our operational efficiency goals need to reflect the gains that will come from these transformational technologies,\u201d CEO David Solomon, president John Waldron and CFO Denis Coleman said in the memo.The executives stressed that for Goldman to \u201cfully benefit from the promise of AI, we need greater speed and agility in all facets of our operations,\u201d which involves more than just retooling their platforms.The planned reduction follows job cuts earlier this year during the bank&#8217;s normal annual exercise, which saw net headcount reduced by 700 during the second quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"Goldman Sachs has reportedly informed its staff to expect an additional round of job cuts before the end&hellip;\n","protected":false},"author":2,"featured_media":503370,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3163],"tags":[323,164942,1942,2792,13196,164943,62619,53,16,15],"class_list":{"0":"post-503369","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-ai-led-job-cuts","10":"tag-artificial-intelligence","11":"tag-goldman-sachs","12":"tag-job-cuts","13":"tag-onegs","14":"tag-operational-efficiency","15":"tag-technology","16":"tag-uk","17":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115382224756118759","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/503369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=503369"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/503369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/503370"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=503369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=503369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=503369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}