Goldman Sachs to cut more jobs as AI saves costs, Bloomberg reports

Goldman Sachs (GS) has told employees to expect an additional round of job cuts this year as the bank seeks further savings across its businesses and takes advantage of the opportunities presented by artificial intelligence, Bloomberg’s Todd Gillespie reports. The firm says it will “constrain headcount growth through the end of the year” and is planning a “limited reduction in roles across the firm,” but still expects to finish the year with an increase in overall headcount, according to a memo to staff.