Mass layoffs at Goldman Sachs? President John Waldron says "digital agents will be our robots"

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Goldman Sachs is integrating generative AI 'robots' to automate tasks, aiming to boost productivity and cut costs without mass layoffs. President John Waldron stated these digital agents will enhance the firm's 'human assembly line,' creating new tech roles. He clarified recent job cuts are unrelated to AI, attributing them to post-COVID adjustments and evolving needs.