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AI growth and job losses; what this signals for financial services
AI Growth, Human Cuts: What Big Tech’s Job Losses Signal for Financial Services Big tech is doubling down on AI—but not necessarily on people. IBM, despite beating expectations on revenue and profit, announced cuts to its global workforce as it pivots toward high-margin software and AI-driven growth. Similarly, Salesforce and Meta Platforms (formerly Facebook) have cut hundreds of UK jobs even though their profits have soared—reflecting the collision between “AI obsession
paulrobinson764
Nov 6, 20252 min read
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