AI layoffs arrive: Barclays cuts 5,000, eBay 9%, Amex 3,500, Netflix ~1,000
MFordFuture · x · 2026-10-23
ZeroHedge rounds up a wave of layoffs attributed to AI-driven efficiency: Barclays cutting 5,000 jobs, eBay confirming 9% cuts, American Express trimming 5% (3,500 employees), and Netflix laying off 6% of global staff (1,000 jobs) per WSJ. Martin Ford shared the list with a nod to his book Rise of the Robots, suggesting the automation-displacement prediction is starting to materialize — though official explanations mostly cite efficiency and restructuring.
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