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Goldman Sachs to deploy AI 'robots' to boost productivity without mass layoffs

Market News
12 May 2026
New York Post
View Source
Bullish
pluang ai news

Goldman Sachs plans to implement generative AI digital agents across its operations to enhance productivity and reduce costs, transforming its traditional 'human assembly line' into a 'digital factory floor.' Despite fears of job cuts, the bank's President John Waldron emphasized that AI will create new tech roles and keep overall employment stable. The move marks a significant step in integrating AI deeply into Wall Street's operations, aiming to automate routine tasks and improve client services without triggering widespread layoffs. Goldman also highlighted that recent layoffs are mostly unrelated to AI deployment and reflect post-COVID workforce adjustments.

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