Shareholder

Goldman Sachs OneGS 3.0: AI-Driven Overhaul Brings Job Cuts and Operational Transformation

Goldman Sachs is implementing a major AI-driven overhaul called OneGS 3.0 that will rewire operations for greater efficiency. The transformation includes limited job reductions and headcount constraints while positioning the firm for future growth through artificial intelligence integration.

In a significant strategic shift, Goldman Sachs has unveiled its OneGS 3.0 initiative, a comprehensive AI-driven overhaul that represents the next evolution of the firm’s operational framework. The announcement, detailed in an internal memo obtained by Business Insider, outlines both immediate workforce adjustments and long-term transformation goals as the banking giant positions itself to harness the power of artificial intelligence technologies.

OneGS 3.0: The Next Phase of Goldman Sachs’ Evolution

by Megan CarterOctober 14, 2025

Business Governance

I advised Tesla’s Special Committee on Elon Musk’s historic incentive compensation package. Most critics are missing the point | Fortune

Understanding Tesla’s Landmark Executive Compensation Strategy As a governance advisor to Tesla’s Special Committee during the development of Elon Musk’s…

by Ethan Reynolds PhDOctober 14, 2025

Banking Services Business

Wells Fargo Profitability Surge Follows Asset Cap Removal as ROTCE Target Jumps

Wells Fargo has significantly raised its return on tangible common equity target to 17-18% following the removal of longstanding regulatory constraints. The bank’s updated guidance reflects improved earnings efficiency for shareholders after seven years under asset cap restrictions. This strategic shift positions Wells Fargo for accelerated growth in the post-regulatory era.

Wells Fargo has dramatically increased its key profitability target following the removal of regulatory constraints that had limited the bank’s operations for over seven years. The San Francisco-based lender now aims for return on tangible common equity of 17% to 18% in the medium term, up significantly from its previous 15% guidance that the bank has already achieved. This strategic update marks Wells Fargo’s first major growth announcement since regulatory authorities lifted the asset cap that had restricted its balance sheet expansion.