""We need more high-value people," he told Axios. "We can afford more high-value people to expand our footprint and continue to grow and broaden our business.""
""limited reduction in roles""
""There are obviously things where we're going to have a lot fewer people - but I'd love to have the capacity to go get more people to spend time with clients,""
Goldman Sachs plans to prioritize hiring and retaining higher-value employees as artificial intelligence changes how analysts, associates, and bankers work. The bank expects AI to make productive people more productive and foresees net headcount growth over the next decade while limiting hiring through year-end. A OneGS 3.0 initiative will implement a limited reduction in some roles as part of an AI-driven revamp. Global workforce rose about 5% to roughly 48,000 employees, and the firm invested approximately $6 billion in technology this year. About 12,000 employees work in technology, with immediate AI impact anticipated in software development and potential for greater volatility.
Read at Business Insider
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