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Barclays Plans 5,000 Job Cuts as AI Gains Efficiency
Barclays warned that AI-powered shopping agents and satellite broadband could intensify competition and pressure European telecom operators, downgrading Vodafone and several peers while upgrading Telia and KPN. A separate report also noted Bank of America’s sell rating on Vodafone, though Deutsche Bank maintained a buy rating.
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About C. S. Venkatakrishnan
Coimbatore Sundararajan Venkatakrishnan, also known as Venkat, is an Indian-American banker. He replaced Jes Staley as the group chief executive (CEO) of the British multinational bank Barclays in November 2021.
Everything about C. S. Venkatakrishnan →- Occupation
- banker
- Position held
- chief executive officer
- Citizenship
- United States
- Born
- January 1966