Overview

• In a firmwide memo, executives said the bank will constrain headcount growth through year-end and make a limited reduction in roles across the firm.
• A spokesperson said Goldman still expects to finish the year with a net increase in total employees, with headcount at about 48,300 as of Sept. 30, roughly 1,800 higher than a year earlier.
• The rollout targets front-to-back workstreams for AI-driven process changes, including sales enablement, client onboarding, lending, regulatory reporting, and vendor management.
• Leaders described OneGS 3.0 as a program to transform the firm's operating system with progress tracked across efficiency, profitability, risk management, resilience, client experience, and employee experience.
• The memo, first reported by Bloomberg, followed strong third-quarter results and builds on internal tools such as the GS AI Assistant.