5,000 jobs. Gone the same morning profits rose 13%. Barclays announced ~5,000 … · @ReignSwords · TwKit

@ReignSwords

5,000 jobs. Gone the same morning profits rose 13%. Barclays announced ~5,000 job cuts today — about 5% of its global workforce — in an "AI efficiency drive." The same presentation: 1. Net profit: £1.65B. Up 13%. 2. Equities revenue: up 47%. 3. Share buyback: healthy. 4. 1,000 jobs already cut. 4,000 more by end of 2026. ~60% of the cuts hit support functions — "including fewer developers, as AI makes our people more productive." The CEO's words, not mine. Nobody says the bank is struggling. That's the point. AI isn't coming for jobs because companies are broke. It's coming because it makes the margins look better. A dying company cuts to survive. A profitable one cuts to perform. Guess which one is harder to fight. I'll be tracking who follows this playbook next — you know where to find me. Is your job safe because you're valuable, or because you haven't been "simplified" yet? 🔵 Fellow Premium members, let's connect! I post about AI & tech — follow for more 👥

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