Artificial intelligence stocks were stock market darlings in 2024. Investors clamored to add AI stocks to portfolios alongside a tidal wave of investment to train and operate AI chatbots and agentic AI software solutions.

One of the world's largest investment banks is looking to bolster its Utah operations while stepping back from some of the historically big financial hubs in the world, according to a recent Bloomberg report.

The investment banking giant stands by its practice of regular staff cuts often called its 'annual cull,' trying to cut between 3 and 5 percent of its workforce of 46,500.

Goldman Sachs CEO David Solomon has ordered staff to cut costs through layoffs and job transfers. See what "Project Voyage" entails — and who stands to be impacted.