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Barclays to slash 5,000 jobs in AI efficiency push
U.K. banks Barclays said Thursday it plans to cut 5,000 staff, citing efficiency savings from AI.
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Barclays cutting 5,000 jobs as it increases reliance on AI
The bank says it is using more AI leading to a 5% reduction in its workforce.
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Prediction market odds on Tesla-SpaceX merger are above 50% for early 2027
Kalshi odds for a Tesla-SpaceX merger rose above 50% for early 2027 as Barclays outlined how a deal could work.
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Dell stock plunges 11%, leading data center sell-off as fears mount about 'enterprise AI timing'
Barclays downgraded Dell, HPE, and NetApp on concerns that enterprise AI adoption is lagging.
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Barclays workers ask for more money to return to the office
Unite union, which represents 36,000 Barclays staff, calls for a one-off payment to offset increased travel and childcare costs.