Goldman Sachs: AI Won't Axe Bankers, Just Make Them Work Harder
Goldman Sachs CEO David Solomon dropped truth bombs like 'AI isnāt a job killer for bankers' right before the 10,000 Small Businesses Summit in Washington, proving optimism from Wall Street means salary bumps, not layoffs. OneGS 3.0 sounds like a dystopian software update where AI doesnāt cut staff but 'changes how analysts and associates work,' aka makes junior bankers sweat harder while AI crunches numbers. Despite a memo hinting at capped headcount growth, Solomon's betting on more 'high value people' because revenue per Goldman worker hit over $2.7 million in 2024āmore than a small country's GDP. Meanwhile, OpenAI taxes ex-bankers like they're Hogwarts staff to make junior banker jobs redundant. Fun fact: Youth unemployment just exploded above 10%, but donāt worry, AIās 'raising the bar'āaka firing the warm bodies so execs can live like royalty.
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Goldman Sachs says AI wonāt kill banker jobs, itāll just make the junior bankers earn their keep on steroids while execs cash in millions per employee. Translation: robots steal drudgery, bankers sweat more, and the apocalypse is just a productivity gains party.
Goldmanās new AI strategy: donāt fire humans, just make them work like theyāre running the Wall Street Hunger Games. May the odds be ever in their favor while revenue hits millionaire status per worker.
OpenAI hiring ex-bankers to replace the junior ones feels like casting stunt doubles for people who star in movies no one wants to see. Goldman's just updating the villain arc with 'OneGS 3.0'.
Source: Axios | Published: 10/27/2025 | Author: Madison Mills
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