Barclays to cut 5,000 jobs as AI-led cost-cutting drive expands after mixed Q3 results and trading revenue falls

Barclays plans to cut 5,000 jobs as part of its AI-led cost-cutting drive. (Reuters)

British bank Barclays Plc has announced plans to cut 5,000 jobs, or about 5% of its total workforce, as part of a wider effort to reduce costs and improve efficiency using technology and artificial intelligence (AI). According to Barclays’ third-quarter earnings statement, the bank is focusing on simplifying its organisation and making its operations more … Read more

In 2021, Australian engineers mixed shredded single-use face masks with processed building rubble for road bases; the material met engineering standards, and 1 km of two-lane road could use about 3 million masks

In 2021, Australian engineers mixed shredded single-use face masks with processed building rubble for road bases; the material met engineering standards, and 1 km of two-lane road could use about 3 million masks

In 2021, Australian engineers mixed shredded single-use face masks with processed building rubble for road bases; the material met engineering standards, and 1 km of two-lane road could use about 3 million masks/Image: RMIT University About 3 million single-use face masks could be used to build the base of a one-kilometre, two-lane road, according to … Read more

In 1997, Texas mixed discarded roofing shingles into two 1,000-foot Highway 31 test sections; years later, officials said their performance was comparable to conventional asphalt

In 1997, Texas mixed discarded roofing shingles into two 1,000-foot Highway 31 test sections; years later, officials said their performance was comparable to conventional asphalt

Highway engineers in Texas have shown that discarded household roofing shingles can be recycled into durable road surfaces that perform as well as standard asphalt after years of heavy traffic. In 1997, the Texas Department of Transportation (TxDOT) built two 1,000-foot test sections along State Highway 31 in the Dallas District using hot mix asphalt … Read more