economy
Goldman CEO says the bank's entry-level hiring may 'contract a little' as AI changes the talent mix
CEO David Solomon said Goldman will "still hire a lot of people out of school," but AI means the bank has to rethink how young workers learn.
TL;DR
- Goldman Sachs CEO David Solomon predicts a slight reduction in entry-level hiring over the next few years due to AI.
- The firm will continue to hire thousands of interns and recent graduates.
- The talent mix is shifting towards engineering due to AI and coding capabilities.
- Goldman needs to adapt training methods for young workers in an AI-driven environment.
- Solomon believes the 'AI jobs apocalypse' is overblown and advocates for traditional communication methods like phone calls for young bankers.