David Solomon
CEO of Goldman Sachs
On Goldman Sachs's 14 July earnings call, chief executive David Solomon credited AI with making staff "more productive" rather than explaining a 2% headcount cut to 46,200, even as the bank's own research arm separately estimates AI could add $7tn to global output.
Last refreshed: 17 July 2026 · Appears in 1 active topic
Timeline for David Solomon
Framed AI as a productivity driver rather than a cause of the cuts
AI: Jobs, Power & Money: Goldman cut 2% and refused the AI excuseBackground
David Solomon has been chief executive of Goldman Sachs since October 2018, succeeding Lloyd Blankfein, and added the chairmanship in January 2019. He joined the firm as a partner in 1999 after earlier roles at Irving Trust, Drexel Burnham and Bear Stearns, where he sat on the ten-person management committee by the mid-1990s. Within Goldman he was joint head of the investment banking division from 2006 to 2016, then president and chief operating officer from January 2017 until his promotion to chief executive.
He holds a BA in political Science from Hamilton College, where he now chairs the board of trustees.
His tenure has been defined by steering Goldman back toward its traditional trading and banking strengths after the retreat from consumer banking, and by a management style that keeps him closely involved in earnings-call messaging: how the bank frames its own numbers, including headcount, is a matter he addresses personally rather than leaving to the chief financial officer alone.
Who is David Solomon?
What did David Solomon say about AI and Goldman Sachs job cuts?
When did David Solomon become CEO of Goldman Sachs?
