Goldman Sachs is preparing for another round of layoffs as part of a sweeping corporate overhaul driven by artificial intelligence , CEO David Solomon’s management team told staff in a companywide memo obtained by The Post.
The Wall Street powerhouse will “constrain headcount growth through the end of the year” and carry out a “limited reduction in roles across the firm,” according to the Tuesday memo — the same day the bank reported record third-quarter profits.
“Even when the business is performing well, we have an obligation to review our operations carefully and position the firm for the future,” Goldman management wrote. 3
“We don’t take these decisions lightly, but this process is part of the long-term dynamism our shareholders, clients, and people expect of Goldman Sachs.