Banking & Finance
Barclays to cut 5,000 jobs as it turns to AI to lower costs
The bank said about 5 per cent of its workforce would go by the end of the year, as third-quarter profit rose 13 per cent but missed some investors' expectations.
Business
The forces of business.
Companies, capital and the people who run them.
Volvo Cars cuts 2,500 jobs after swinging to a third-quarter loss
Revenue fell by almost a quarter as sales in China nearly halved and US tariffs squeezed margins; the shares fell more than 20 per cent in Stockholm.
Latest in Business
- Banking & Finance
Barclays to cut 5,000 jobs as it turns to AI to lower costs
The bank said about 5 per cent of its workforce would go by the end of the year, as third-quarter profit rose 13 per cent but missed some investors' expectations.
- Corporate Earnings
Volvo Cars cuts 2,500 jobs after swinging to a third-quarter loss
Revenue fell by almost a quarter as sales in China nearly halved and US tariffs squeezed margins; the shares fell more than 20 per cent in Stockholm.
