Goldman Tells Staff It Will Cut More Jobs as AI Saves Costs (2)

Goldman Sachs Group Inc. told staffers 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.

The New York-based firm said it would “constrain headcount growth through the end of the year” and is planning a “limited reduction in roles across the firm,” according to a memo to staff Tuesday morning seen by Bloomberg News.

Still, the firm expects to finish the year with an increase in overall headcount, Jennifer Zuccarelli, a spokesperson for the bank, added by phone. The ...