Goldman Sachs shifts strategy with targeted rolling layoffs throughout 2026 instead of single annual cuts. The bank will allow business-line leaders to set their own timelines for workforce reductions beginning in April, impacting all divisions through summer. This marks a departure from the traditional spring "Strategic Resource Assessment" process. Last year, Goldman cut approximately 1,395 positions representing three to five percent of staff. The move reflects broader industry trends as banks increasingly use AI to boost productivity while managing rising compensation and operational costs. CEO David Solomon emphasized artificial intelligence as a key productivity engine during January earnings calls. The shift demonstrates how major financial institutions are adapting workforce management strategies amid evolving market conditions and technological advancement.
