Barclays Cuts 5,000 and Calls AI the Icing and VW Plans a Pay Freeze | Paper Cut

Barclays is cutting about 5,000 jobs and calls AI the icing on the cake, not the cake. More than 100 people queued for one cafe job in Manchester. Volkswagen's works council says management plans a pay freeze to 2030. This week's Paper Cut asks who is blaming AI, and who is paying.

Four themes: who is blaming AI for job cuts, the first job for young people, AI at the manager's desk, and pay and accountability. Then the Cut List, with eight employers confirming or detailing cuts this week, and the next EBClub events in Madrid, Paris, Rotterdam and London.

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