Barclays cutting 5,000 jobs as it increases reliance on AI

[roger]

What is coming ( Quantum Computing + AI Singularity ), is mind-blowing . The storm is going to hit in just few years. People without mastery and resources of AI Tools will be equal to being just cockroaches. It's one in a 1000 year sort of revolution. Industrial revolution compared to this is nothing. Country with the ability , will rule . China and USA may just dominate every other country. And France like situation will be common across the world ( some artificial, some real) due to loss of earning ability , economic tsunami. I have read some recent research and I am mentally preparing how to survive it.

 

[PakFactor]

What are you doing to future-proof? I would say I am 20% worried.
Not super but kinda

My family has real estate and other investments that generate some passive income that allows us to survive, but due to current economic conditions, we are routing funds elsewhere to sustain those investments, and some we're in the red. At this moment in time, I do not know, as I'm still processing things after my depression episode.

Not surprised in the least.

Between that and robotics, many people are going to have to reinvent themselves and develop new skill sets.

I'm glad I retired when I did.

They will have to develop new skills, but only a subset of the population would be able to do so. My brother's one in programming and the other in accounting at a major 4 firm are in constant worry about their careers. The one in accounting is forced to use AI tools, and the latest update they've had is beyond what they expected it to do, and it's doing the grunt work at a fraction of the cost.

Those out of the workforce due to retirement are in a safe boat.

My main concern now is the next generation, myself, and others raising. At this point, I would rather have my sons sleeping in Kumon centers and learning.

 

[PK781]

My family has real estate and other investments that generate some passive income that allows us to survive, but due to current economic conditions, we are routing funds elsewhere to sustain those investments, and some we're in the red. At this moment in time, I do not know, as I'm still processing things after my depression episode.



They will have to develop new skills, but only a subset of the population would be able to do so. My brother's one in programming and the other in accounting at a major 4 firm are in constant worry about their careers. The one in accounting is forced to use AI tools, and the latest update they've had is beyond what they expected it to do, and it's doing the grunt work at a fraction of the cost.

Those out of the workforce due to retirement are in a safe boat.

My main concern now is the next generation, myself, and others raising. At this point, I would rather have my sons sleeping in Kumon centers and learning.

Don't lose the hope. God sustains the world and HIS PLANS are best.
Stay positive and take it 1 day at a time.......no need to worry about stuff u cant control. Why worry on that?
As long as u have basic necessities and a roof over your head, its ok.

 

[Sainthood 2.0]

My family has real estate and other investments that generate some passive income that allows us to survive, but due to current economic conditions, we are routing funds elsewhere to sustain those investments, and some we're in the red. At this moment in time, I do not know, as I'm still processing things after my depression episode.

DW - worst case, we're moving back to our countries. joking

They will have to develop new skills, but only a subset of the population would be able to do so. My brother's one in programming and the other in accounting at a major 4 firm are in constant worry about their careers. The one in accounting is forced to use AI tools, and the latest update they've had is beyond what they expected it to do, and it's doing the grunt work at a fraction of the cost.

Damn, now I am 40% worried
But we'll see; there's no point in getting too worked up
Helps no one; I feel like eventually we'll have to go into an advisory sorta role to survive
Like compliance + advisory, but there might be a lot less of us.
Plan is to just live conservatively, have your own property to fall back to, stay close together as a unit/ family and we'll figure it out
Chasing the dragon probably might do more damage but that's just my thinking

Those out of the workforce due to retirement are in a safe boat.

My main concern now is the next generation, myself, and others raising. At this point, I would rather have my sons sleeping in Kumon centers and learning.

Dont do that dude- actually, I feel like we need the opposite kinda future
Those who can talk and be confident have a personality + smarts

 

[Sainthood 2.0]

Don't lose the hope. God sustains the world and HIS PLANS are best.
Stay positive and take it 1 day at a time.......no need to worry about stuff u cant control. Why worry on that?
As long as u have basic necessities and a roof over your head, its ok.

This- cant get too worked up man
Sure we cant close our eyes but there's a fine line between closing your eyes and overthinking.

 

[Owaiz]

What is coming ( Quantum Computing + AI Singularity ), is mind-blowing . The storm is going to hit in just few years. People without mastery and resources of AI Tools will be equal to being just cockroaches. It's one in a 1000 year sort of revolution. Industrial revolution compared to this is nothing. Country with the ability , will rule . China and USA may just dominate every other country. And France like situation will be common across the world ( some artificial, some real) due to loss of earning ability , economic tsunami. I have read some recent research and I am mentally preparing how to survive it.

Even jobs using AI tools are being automated away by AI agents. Outside of core AI software development, chips development and fabrication, deployment and maintenance of AI infrastructure and compliance and regulatory roles, there will be few salaried "AI" jobs. However, availability of cheap AI agents will make entrepreneurship far more accessible and democratic.

The age of the salaryman is certainly ending, if it hasn't already.