Goldman CEO says the bank's entry-level hiring may 'contract a little' as AI changes the talent mix

Goldman Sachs CEO David Solomon said AI will drive only "nuanced changes" to hiring over the next three years, suggesting incremental workforce impact rather than broad disruption. He also said the bank is hiring at least 2,400 interns this year, roughly in line with pre-COVID levels. The update is more informational than market-moving and provides a cautious but stable outlook on staffing.

Analysis

Goldman Sachs CEO David Solomon said AI will drive only "nuanced changes" to hiring over the next three years, suggesting incremental workforce impact rather than broad disruption. He also said the bank is hiring at least 2,400 interns this year, roughly in line with pre-COVID levels. The update is more informational than market-moving and provides a cautious but stable outlook on staffing.