Goldman Sachs Deploys AI Software Engineers at Scale, Productivity Increases 3-4 Times But Raises Layoff Concerns

TechFlow News, August 06, according to Forbes, Goldman Sachs is applying Agentic AI on a large scale in the software engineering field, deploying virtual AI software engineers represented by Devin to collaborate with its 12,000 human engineers, undertaking legacy IT system modernization tasks. These autonomous AI agents are capable of independently completing full-process work such as project planning, code writing, testing, and vulnerability fixing. Goldman Sachs CIO Marco Argenti compared Devin to a "new hire" and pointed out that its production efficiency is 3-4 times that of previous AI tools, significantly compressing the development cycle. In addition, Goldman Sachs has also introduced Anthropic's Claude to further expand the scope of AI applications. Although Goldman Sachs emphasizes that AI is positioned as "assistive enhancement" rather than replacing human labor, industry concerns over the loss of junior engineer positions continue to heat up—predictions indicate that the AI wave will cause about 200,000 jobs to disappear in the U.S. banking industry. How to maintain the talent development pipeline has become a common challenge that urgently needs to be addressed across various industries embracing Agentic AI.