AI could displace one in 11 workers, Goldman says, but the layoffs are likely waiting for a recession
Published . Updated .
Goldman’s Joseph Briggs finds companies have historically saved automation layoffs for downturns and he's updating his projection of the AI jobs impact.
Directly affected
- GS Goldman Sachs Group-8.5%
Named in this report.
Indirectly affected
- SPY SPDR S&P 500+1.6%
The broad U.S. stock market
- TLT iShares 20+ Year Treasury Bond-1.8%
Long-term U.S. government bonds
- QQQ Invesco QQQ+2.3%
Large technology stocks
- GLD SPDR Gold Shares-3.3%
Gold can move with the broad market
Price reaction, T-5 to T+3
Market Call
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AI could displace one in 11 workers, Goldman says, but the layoffs are likely waiting for a recession Fortune
Source: Fortune
Taiwan Strait
- Rep. Maria Elvira Salazar sold Goldman Sachs Group (GS), worth $1,001 - $15,000 on 24 Sep 2026. That is 28 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael Rulli bought Goldman Sachs Group (GS), worth $1,001 - $15,000 on 3 Sep 2026. That is 49 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Goldman Sachs Group (GS), worth $1,001 - $15,000 on 26 Aug 2026. That is 57 days before publication. Filed 10 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
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12 out of 100
“AI could displace one in 11 workers, Goldman says, but the layoffs are likely waiting for a recession” scores 12 out of 100. The score uses 1 sources.