job cuts

Barclays to cut 5,000 jobs as it bets on AI

British bank Barclays plans to cut 5,000 jobs (5% of its workforce) to save costs and improve efficiency through investments in artificial intelligence. About 1,000 jobs have already been cut.

JLR to Cut 4,000 Jobs in the UK

Jaguar Land Rover has announced plans to cut around 4,000 jobs in the UK as part of a cost-saving program.

Union Warns Volkswagen May Cut Up to 140,000 Jobs

Planned reorganization at Volkswagen could affect up to 140,000 jobs, unions warn. Management will present a cost-cutting plan on August 25.