Barclays to Cut 5,000 Jobs in AI Cost-Saving Drive
Barclays said it is cutting 5,000 jobs, around 5% of its workforce, as it adopts artificial intelligence at scale and seeks to reduce costs.
Barclays said it will cut 5000 jobs as part of efforts to lower costs while expanding the use of artificial intelligence across the bank. The reductions represent around 5% of the company's workforce, the bank said Thursday. Barclays said it is working to simplify its organization, with technological…