AI Job Cuts: American Express and Barclays Cut About 5% of Staff
American Express and Barclays are each cutting about 5% of their workforces as they prepare for AI, while Volvo Cars plans 2,500 job cuts after a slump in China.
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NAB Job Cuts: Bank to Axe Up to 2,500 Roles, With 1,500 Going Before Christmas
National Australia Bank will cut up to 2,500 jobs, about 6% of its workforce, with 1,500 going before the end of 2026, prompting union anger and questions about the role of AI.
