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Goldman Sachs says AI robots will replace tasks not jobs after recent layoffs
Economy
Published on 14 May 2026
President insists layoffs weren’t AI, but roles will shift fast
Goldman Sachs’ president John Waldron says the firm is rolling out generative AI “digital agents” to automate work and improve productivity, while insisting recent layoffs aren’t driven by AI. He frames the change as upgrading the “human assembly line,” adding new tech roles even as tasks get automated. The shift is linked to post-COVID adjustments and changing business needs.
- Goldman plans generative AI agents to automate tasks and cut costs
- Waldron says the recent layoffs are unrelated to AI adoption
- Automation will reshape roles, creating new tech opportunities
- The change is tied to post-COVID adjustments and evolving demand
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times