While the latest wave of AI-linked layoffs has put job seekers—and even the Federal Reserve—on high alert, a new survey from Goldman Sachs suggests the real AI labor meltdown is still to come.
The report, which surveyed more than 100 Goldman Sachs investment bankers, found that only 11% of their clients across industries such as tech, industrials, and finance were actively cutting employees as a result of AI. Instead, 47% of the bankers reported their clients were disproportionately using AI to boost productivity and revenue, while only a fifth were mostly using the tech to cut costs.
