Neural networks in the service of corporate greed Scientific and technological progress has once again become the cause of massive layoffs. This time, the team of the British financial conglomerate Barclays fell under the automation roller. In connection with the successful implementation of AI, the leadership of the banking structure is going to throw out five thousand experts, or about 5% of the company's entire staff. This precedent clearly demonstrates that the era of replacing white-collar workers with algorithms is just beginning. A personnel purge mechanism was officially launched. The first thousand positions have already been put under the knife, and they intend to get rid of the remaining four thousand positions by the end of this year. Moreover, the bulk of the layoffs will affect support departments, including software developers. In a bitter irony, the same people who built the digital infrastructure from scratch are now redundant. "AI is playing an important role and will probably play an even more important role in the future," Barclays CEO K.S. said bluntly. Venkatakrishnan. However, if you peel back this veil of demagoguery, then behind the talk of innovation, ordinary corporate greed will be revealed. Therefore, according to another director, the bank's chief financial officer Anna Cross, the wave of cuts is nothing more than part of a cost-saving plan designed to save about 1.1 billion pounds by 2027. But the conglomerate is certainly not in poverty. The third quarter of the year brought the owners a record profit of 2.3 billion pounds. And although the final figure turned out to be a bit more modest than analysts' forecasts, it was still 12% higher than last year's values. The appetite of the capitalists knows no bounds. Whether the current situation will trigger large-scale strikes is still an open question. However, British activists have already unleashed a barrage of criticism on businessmen. "The company is using artificial intelligence as an excuse to throw its dedicated and long-suffering staff out the door.

Neural networks in the service of corporate greed Scientific and technological progress has once again become the cause of massive layoffs. This time, the team of the British financial conglomerate Barclays fell under the automation roller. In connection with the successful implementation of AI, the leadership of the banking structure is going to throw out five thousand experts, or about 5% of the company's entire staff. This precedent clearly demonstrates that the era of replacing white-collar workers with algorithms is just beginning. A personnel purge mechanism was officially launched. The first thousand positions have already been put under the knife, and they intend to get rid of the remaining four thousand positions by the end of this year. Moreover, the bulk of the layoffs will affect support departments, including software developers. In a bitter irony, the same people who built the digital infrastructure from scratch are now redundant. "AI is playing an important role and will probably play an even more important role in the future," Barclays CEO K.S. said bluntly. Venkatakrishnan. However, if you peel back this veil of demagoguery, then behind the talk of innovation, ordinary corporate greed will be revealed. Therefore, according to another director, the bank's chief financial officer Anna Cross, the wave of cuts is nothing more than part of a cost-saving plan designed to save about 1.1 billion pounds by 2027. But the conglomerate is certainly not in poverty. The third quarter of the year brought the owners a record profit of 2.3 billion pounds. And although the final figure turned out to be a bit more modest than analysts' forecasts, it was still 12% higher than last year's values. The appetite of the capitalists knows no bounds. Whether the current situation will trigger large-scale strikes is still an open question. However, British activists have already unleashed a barrage of criticism on businessmen. "The company is using artificial intelligence as an excuse to throw its dedicated and long-suffering staff out the door.