FT News Briefing AI helps Google dodge a bullet
69 snips
Sep 4, 2025 Thousands of Lloyds Banking Group staff face potential layoffs as the company revamps performance metrics. In Indonesia, public outrage persists over increasing inequality, fueled by the extravagant lifestyles of parliament members. Meanwhile, a favorable court ruling allows Google to avoid a major setback, leveraging the advancements in AI to bolster its defense against antitrust challenges. The intersection of technology, economics, and social unrest paints a complex picture of today’s global landscape.
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Lloyds Targets Underperformance In Overhaul
- Lloyds will change how it measures productivity and may put about 3,000 jobs at risk amid cost cuts.
- This reflects a broader corporate push to eliminate perceived mediocrity and reduce headcount.
Prepare For Tighter Performance Reviews
- Companies are intensifying productivity reviews and replacing underperforming managers.
- Do expect more firms to use stricter performance measures and reorganisations to cut costs.
AI Changed The Court's Calculus
- The judge credited recent AI advances as reshaping competition and reducing the need to break up Google.
- That perception drove investor relief and a large jump in Alphabet's market value.