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Goldman Sachs to have more layoffs as the global investment bank plans another round of job cuts this year. The decision comes as Goldman Sachs launches its “OneGS 3.0” strategy, which focuses on integrating Artificial Intelligence (AI) across its operations. The move aims to streamline costs, improve efficiency, and align its workforce structure with new technological tools. Goldman Sachs layoffs 2025 are part of the bank’s broader plan to balance hiring in growth areas while reducing roles that can be automated through AI systems.

Goldman Sachs to have more layoffs

Goldman Sachs Group Inc. has told its employees to expect another round of layoffs in 2025. The decision is part of its ongoing efforts to save costs and use Artificial Intelligence (AI) to improve its operations.

According to a memo seen by Bloomberg News, the firm said it would “constrain headcount growth through the end of the year” and conduct a “limited reduction in roles across the firm.” The message was shared with staff on Tuesday morning.

Although the memo confirmed upcoming job cuts, Goldman Sachs expects to end the year with a net increase in its total workforce. The company’s headcount stood at 48,300 employees at the end of September, around 1,800 more than at the end of last year, according to spokesperson Jennifer Zuccarelli.

Goldman Sachs to have more layoffs as part of OneGS 3.0 plan

The new strategy, called “OneGS 3.0,” aims to boost operational efficiency and long-term growth through AI-driven systems. Goldman Sachs leaders explained in their internal note that AI would be applied to several business functions such as client onboarding, lending processes, regulatory reporting, and vendor management.

Chief Executive Officer David Solomon, President John Waldron, and Chief Financial Officer Denis Coleman jointly signed the memo. They said that while the company is still in the early stages of using AI, it is clear that the new technology will reshape how the bank works.

“While we are still in the early innings in terms of assessing where AI can best be deployed, it’s become increasingly clear that our operational efficiency goals need to reflect the gains that will come from these transformational technologies,” the memo stated.

The leadership added that the bank must achieve greater speed and agility across all areas to take full advantage of AI opportunities. “This doesn’t just mean retooling our platforms,” they said, implying a broad internal change in how business operations are managed.

Goldman Sachs to have more layoffs after recent job cuts

Earlier this year, Goldman Sachs completed another round of layoffs as part of its annual workforce review. The company’s total headcount dropped by around 700 employees during the second quarter compared to the previous three months.

Despite the earlier layoffs, the firm continues to expand in some divisions, balancing workforce reduction in certain areas with growth in others. The new round of layoffs will likely affect non-core roles and departments where AI systems can take over manual or repetitive processes.

Goldman Sachs’s stock price dropped on Tuesday after it reported higher expenses in its third-quarter results. However, its investment-banking revenue increased, surpassing performance from some competitors. The announcement of possible job cuts came shortly after the results, signaling that the bank is moving to control costs while investing in AI initiatives.

Goldman Sachs to have more layoffs amid shift to AI integration

The “OneGS 3.0” initiative highlights Goldman Sachs’s intention to integrate AI across its operations over the next few years. The plan is described as a multi-year effort, meaning the bank will gradually expand AI use in various departments while managing headcount carefully.

Executives believe that combining AI with core business strategies will make processes faster and more consistent. Areas such as client service, compliance reporting, and vendor management are expected to benefit from automation.

At the same time, the memo suggested that employees may need to learn new skills as the firm adjusts to more AI-driven workflows. While the layoffs are limited, the long-term goal is to align workforce needs with technological developments.

Goldman Sachs workforce future

The decision to limit hiring and make selective job cuts reflects a broader shift in the banking industry, where automation and AI are changing traditional roles. Goldman Sachs appears to be taking a cautious but strategic approach, balancing technological investment with workforce optimization.

The next few months will show how these adjustments impact the bank’s structure, productivity, and profitability. Goldman Sachs has not disclosed how many jobs will be affected in this latest round of layoffs, but the move signals a continued focus on cost discipline and AI efficiency.

FAQs

Why is Goldman Sachs planning more layoffs this year?

Goldman Sachs plans more layoffs to reduce costs and realign its workforce while expanding Artificial Intelligence through its new “OneGS 3.0” strategy for greater operational efficiency.

What is the “OneGS 3.0” strategy at Goldman Sachs?

The “OneGS 3.0” strategy is Goldman Sachs’s plan to use Artificial Intelligence to improve processes like client onboarding, regulatory reporting, and vendor management across its business.