Goldman Sachs Exec: Young Talent Remains Core as AI Transforms Financial Services

Goldman Sachs (GS-US) Chief Executive David Solomon stated in a CNBC interview on February 13, 2026, that while AI may reduce certain roles, young bankers remain central to the firm’s operations. He acknowledged automation could shrink headcount but emphasized the enduring value of motivated, client-focused talent. The remarks come as 22- to 27-year-olds face a 5.6% unemployment rate, though broader graduate unemployment stood at 3.1% in December 2025, per the Federal Reserve. Economists credit the tighter labor market to overstaffing in 2021-2022 followed by layoffs. Solomon compared the shift to prior technological transitions, noting firms continue to need people as AI reshapes how work is done, not the need for it.