On Tuesday, Goldman Sachs notified employees that it will conduct another round of layoffs this year, as the bank seeks to further reduce costs across various business areas and capitalize on new opportunities presented by artificial intelligence.

Goldman Sachs stated it will limit total employee headcount growth by the end of this year and plans to make selective job reductions across the company. Goldman Sachs spokesperson Jennifer Zuccarelli added that the company still expects a net increase in total employees for the full year. As of the end of September, Goldman Sachs employed 48,300 people, approximately 1,800 more than at the end of last year.

In a memo to employees, Goldman Sachs announced the launch of its "OneGS 3.0" strategy. Senior management emphasized in the letter that efficiency gains from artificial intelligence will be a key pathway for driving further company growth. The company will implement AI applications in phases across areas including client onboarding, lending processes, compliance reporting, and vendor management, representing a multi-year effort.

Goldman Sachs CEO David Solomon, President John Waldron, and CFO Denis Coleman wrote in the memo:

"While we are still in the early stages of evaluating the best applications for AI solutions, it is clear that our operational efficiency targets must reflect the potential benefits these transformative technologies can bring."

"For Goldman Sachs to fully benefit from AI's potential, we must achieve greater speed and agility across all aspects of our operations. This means more than just platform transformation."

Earlier that day, Goldman Sachs' stock price declined following the release of its third-quarter earnings. Although the bank's expenses increased, investment banking revenue grew significantly, outpacing some competitors.

Earlier this year, Goldman Sachs had already conducted layoffs during its annual routine adjustments, with a net reduction of 700 employees at the end of the second quarter compared to the previous three months.

With the rapid development and widespread application of artificial intelligence, an increasing number of executives now view layoffs as a symbol of corporate progress. Achieving higher profits with fewer people has become a core strategic direction pursued by many companies. Businesses are preparing for a future where "workforce needs may be significantly reduced."

Bank of America previously reported that the AI layoff wave is intensifying, making it harder for young people entering the job market to find work. In just the first seven months of this year, more than 10,000 positions in the United States have been eliminated due to generative AI, with entry-level positions bearing the greatest impact.