Making AI Headlines · Page 10
Barclays Plans 5,000 Global Job Cuts
· New York time
Barclays is cutting 5,000 jobs in wider cost-saving plans that bosses link to AI productivity advances. The figure is about 5% of its 93,000 global employees, and executives say 1,000 workers have already been cut this year. The international bank also announced higher quarterly profits. Its explanation links AI and savings, rather than establishing that each departing employee has been replaced by a model. The productivity presentation has two audiences: investors examining the savings and workers discovering that efficiency can become a personal noun.
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