Business+IT10/22 16:20 UTCJapanese
Barclays to cut about 5,000 jobs, mainly support staff and developers, citing AI productivity
Barclays said on October 22, alongside its July–September 2026 results, that it expects to cut about 5,000 employees. This is about 5% of staff, and roughly 60% are in support functions including developers. AI-driven productivity gains were cited as part of the background. Pre-tax profit for the quarter rose 12% year on year to £2.3 billion (about ¥488 billion).
Read the original →Yahoo! News Japan (JoongAng Ilbo Japanese edition)10/22 08:57 UTCJapanese
South Korea Proposes 'AI Layoff Notification Act' Requiring Employers to Report AI-Driven Job Losses
A bill dubbed the 'AI layoff notification act' has been introduced in South Korea's National Assembly amid the artificial intelligence boom. It is intended to ensure the government closely tracks and responds to job reductions that arise when companies adopt AI.
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