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International Business Times UK
International Business Times UK
Marie Joy Toledo

Goldman Sachs Layoff Warning: Tech Workers Being Displaced by AI Face Pay Cuts and Longer Job Hunts

Goldman Sachs Oracle Block
Goldman Sachs: Tech layoffs mean longer job hunts, smaller paychecks (Credit: AFP News)

Goldman Sachs has issued a stark warning to technology workers affected by artificial intelligence-related layoffs, highlighting that the path to reemployment is likely to be longer and pay cuts are almost inevitable.

Workers displaced from technology-disrupted roles take around one month longer to secure new positions and suffer real earnings losses exceeding 3%, according to a report by Goldman Sachs strategist Pierfrancesco Mei.

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