Barclays to Cut 5,000 Jobs, About 5% of Workforce
Barclays says it is cutting about 5% of its workforce as it seeks to reduce costs and fund investment. The supplied report says artificial intelligence will help streamline operations.
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Netflix to Cut About 1,000 Jobs, About 6% of Workforce
Netflix announced it will cut about 1,000 jobs, roughly 6% of its workforce, in its largest layoff round since 2022. The cuts were announced less than a week before the company reports third-quarter earnings on Oct. 20.
FIGS Raises 2026 Revenue Growth Guidance to 20% After Q2 Growth
FIGS reported Q2 2026 net revenues of $197 million, up 29%, and raised its full-year revenue growth guidance to 20% from 14%–16%. The company also authorized a $100 million share buyback.