Goldman Sachs Layoffs 2025: AI Push Triggers New Job Cuts

Goldman Sachs is reportedly gearing up for another round of layoffs this year as part of its ongoing cost-cutting measures and AI-driven restructuring strategy. The move comes under the bank’s ambitious OneGS 3.0 plan, which focuses on integrating Artificial Intelligence across operations to improve efficiency and profitability.

Why Are Layoffs Happening Again?

According to an internal memo obtained by Bloomberg News, the bank plans to “constrain headcount growth” through the end of 2025 while carrying out a “limited reduction in roles” across departments.

Despite the upcoming job cuts, Goldman Sachs expects to end 2025 with a net increase in total employees, estimated at around 48,300, which is nearly 1,800 more than the previous year, said spokesperson Jennifer Zuccarelli.

AI at the Core of Goldman’s OneGS 3.0 Strategy

The layoffs are tied to Goldman Sachs’ latest transformation blueprint — OneGS 3.0 — which aims to weave AI technology into every layer of its operations.

The strategy, led by CEO David Solomon, President John Waldron, and CFO Denis Coleman, will focus on using AI to automate processes like:

Client onboarding

Lending and credit approvals

Regulatory reporting

Vendor management and operations

In the memo, the leadership emphasized that Goldman is still in the “early innings” of AI deployment but believes AI will drive major efficiency gains in the long term.

“Our operational goals must reflect the gains that will come from these transformational technologies,” the note said — signaling a shift toward automation and digital efficiency across departments.

Balancing Job Cuts with Strategic Hiring

This isn’t Goldman’s first round of restructuring in 2025. Earlier this year, the bank laid off around 700 employees during the second quarter as part of its cost-optimization efforts.

However, the firm continues to hire selectively in growth areas, such as:

AI development and data analytics

Investment banking technology

Digital finance solutions

The upcoming layoffs are expected to target manual or repetitive roles that can be automated through AI systems.

Cost Management and Long-Term Growth

The timing of the cuts aligns with Goldman’s rising operational costs in Q3, despite solid performance in investment banking. By adopting AI-driven processes, the bank aims to cut costs, improve efficiency, and maintain competitiveness in a rapidly evolving financial landscape.

In short — while job cuts are on the horizon, Goldman Sachs’ larger bet on AI innovation indicates a future-focused restructuring rather than a retreat.