đ„ Barclays to Cut 5,000 Jobs in AI-Led Cost Drive as Q3 Pretax Profit Rises 12%.
Big banks are cutting thousands of jobs while profits keep rising. Barclays plans to eliminate 5,000 positions through an AI-led cost drive, with about 60% of the cuts concentrated in support functions.
The bankâs Q3 pretax profit rose 12%, proving that workforce reductions and higher earnings are moving in tandem at major financial institutions. Will AI-driven layoffs in traditional finance accelerate the shift to crypto and DeFi?
â What's your take â is this the start of a bigger move or just noise? Drop it below.
$BTC
$ETH
#CryptoMarkets #DigitalAssets #BlockchainAdoption
Big banks are cutting thousands of jobs while profits keep rising. Barclays plans to eliminate 5,000 positions through an AI-led cost drive, with about 60% of the cuts concentrated in support functions.
The bankâs Q3 pretax profit rose 12%, proving that workforce reductions and higher earnings are moving in tandem at major financial institutions. Will AI-driven layoffs in traditional finance accelerate the shift to crypto and DeFi?
â What's your take â is this the start of a bigger move or just noise? Drop it below.
$BTC
$ETH
#CryptoMarkets #DigitalAssets #BlockchainAdoption