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Recent Editions
Human Times
North America
U.S. employers are increasingly passing rising healthcare costs on to employees through higher insurance premiums, larger deductibles, and reduced coverage, according to a KFF survey. The average annual cost of employer-sponsored family health insurance exceeded $28,000 in 2026, increasing 5%, while employees’ contributions rose 9% to $7,471. Among large employers, 44% increased workers’ premium contributions, and 21% raised deductibles or other cost-sharing requirements. Rising hospital prices, increased billing, and expensive medications, including GLP-1 weight-loss drugs, are contributing to the financial pressure. Mid Oregon Credit Union faces a projected 38% increase in healthcare costs for 2027, while Cerebral Brewing has responded to a 20% increase by introducing plans with deductibles as high as $6,000. Benefits consultants expect further cost increases in 2027, raising concerns that higher out-of-pocket expenses could discourage workers, particularly those in lower-wage industries, from maintaining health insurance coverage.
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Human Times
UK
Barclays plans to cut around 5,000 jobs, equivalent to about 5% of its global workforce, as part of a modernisation and cost-cutting programme that includes expanding its use of AI. Around 1,000 roles have already been eliminated, with a further 4,000 cuts expected by the end of the year. Most reductions will occur in its UK retail bank and support functions, with some roles affected in India. Barclays said AI was an increasingly important part of its technology strategy, but noted that the cuts were not all directly related to increased use of the technology. Chief executive CS Venkatakrishnan said AI is "the icing on the cake not the cake."
Full Issue
Human Times
Europe
UK bank Barclays plans to cut around 5,000 jobs, equivalent to about 5% of its global workforce, as part of a modernisation and cost-cutting programme that includes expanding its use of AI. Around 1,000 roles have already been eliminated, with a further 4,000 cuts expected by the end of the year. Most reductions will occur in its UK retail bank and support functions, with some roles affected in India. Barclays said AI was an increasingly important part of its technology strategy, but noted that the cuts were not all directly related to increased use of the technology. Chief executive CS Venkatakrishnan said AI is "the icing on the cake not the cake."
Full Issue
Human Times
Middle East
Mnzil, The Development Group and Capital Partners have launched a SAR1bn fund to develop purpose-built workforce compounds accommodating up to 50,000 workers across Saudi Arabia. Mnzil will operate the portfolio, TDG will oversee site selection, design and development, and Capital Partners will manage the fund. Development is expected to begin in Q4 2026 across major employment centres including Riyadh, Jeddah, Dammam, Khobar, Makkah and Madinah. Compounds will include furnished rooms, recreational facilities, communal areas and on-site services, with locations chosen to reduce commuting. Mnzil chief executive Majeed Albabtain said, “Improving workers' lives is a collective effort.” The partners see the model as supporting Vision 2030 while establishing workforce housing as a scalable institutional real estate asset class backed by employer demand and long-term leases.
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