Barclays to slash 5,000 jobs in AI-powered cost-cutting drive
We haven't written up this one. Investing.com has the full story — the link below goes straight to it.
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Barclays to cut 5 000 jobs in AI-fueled push to lower costs
The bank plans to complete the job cuts by year-end, with about 60% affecting support functions, as third-quarter fixed-income trading revenue fell 19% to $1.4bn.
Barclays plans to cut 5,000 jobs, or ~5% of its workforce, by the end of 2026 as part of AI-driven cost cutting, with ~60% coming from support and developers (William Shaw/Bloomberg)
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Prix Pascal: New French literature prize launched for books co-written with AI
A new literary award has just been launched and aims to recognise work written in collaboration with AI. Its timing is problematic, to say the least.
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