Today'sInfra
Companies Cut Jobs as AI Spending Grows
- Barclays plans to cut 5,000 jobs, about 5% of its workforce, citing AI-driven organizational and technology changes.
- Kroger, Meta and Block also announced workforce reductions as they redirect resources toward AI and technology.
- Other planned cuts include 8,750 Microsoft buyouts, over 15% at Standard Chartered, and reductions at Coinbase, Pinterest and Snap.
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