Barclays' AI Reckoning: Higher Profits, Fewer People
Published: October 24, 2026
Duration: 5:17
Barclays CEO links 5,000 job cuts to AI as profits jump 12%
China issues guidelines to cushion workers from AI job losses
Canada and EU urged to draft Middle Power Charter on AI
A Eye on AI - 12:31 PM
This episode leads with Barclays CEO CS Venkatakrishnan directly linking about 5,000 job cuts to technology investment as the bank's profits rose 12% - the clearest sign yet that AI is hitting the balance sheet. We break down Morgan Stanley's doubled forecast for AI-driven job losses at European banks, and China's State Council guidelines that aim to cushion workers through...
China issues guidelines to cushion workers from AI job losses
Canada and EU urged to draft Middle Power Charter on AI
A Eye on AI - 12:31 PM
This episode leads with Barclays CEO CS Venkatakrishnan directly linking about 5,000 job cuts to technology investment as the bank's profits rose 12% - the clearest sign yet that AI is hitting the balance sheet. We break down Morgan Stanley's doubled forecast for AI-driven job losses at European banks, and China's State Council guidelines that aim to cushion workers through...