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AI-Driven Corporate Layoffs
American Express, Barclays, eBay and Netflix cut jobs, with Barclays citing AI-driven efficiency gains.
Key points
- American Express to cut 5% of jobs, about 3,500 employees.
- Barclays to cut 5,000 jobs as AI starts creating efficiency.
- eBay confirms job cuts of about 9%.
- Netflix to lay off 6% of global staff, or about 1,000 jobs, per WSJ.
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