Barclays to Cut 5,000 Jobs in Cost-Cutting Push
Barclays said it is cutting 5,000 jobs, around 5% of its workforce, as it simplifies technology systems and adopts AI.
By Michael HennesseyBarclays said it is cutting 5,000 jobs in an attempt reduce costs, as it simplifies tech systems and embraces AI. The cuts are equal to around 5% of the British bank's workforce, Barclays said when it reported quarterly results this morning.Chief Executive C.S. Venkatakrishnan s…