Overview
- An internal memo told employees the bank will constrain headcount growth through year-end and make a limited reduction in roles under the OneGS 3.0 overhaul.
- The multi-year plan centers on AI-driven reengineering of key workflows including client onboarding, lending, regulatory reporting and vendor management.
- A spokesperson said total staffing should end the year higher, with headcount at 48,300 as of September, roughly 1,800 above last year.
- Goldman’s GS AI Assistant is already in production, with thousands of employees using it to boost productivity, according to CIO Marco Argenti.
- The move reflects a broader Wall Street shift as JPMorgan, Morgan Stanley and Citigroup deploy AI, curb hiring, and target routine back- and middle-office work for automation.