Barclays Plans to Cut Around 5,000 Jobs, Sees £1.1 Billion Savings
Barclays plans to cut around 5,000 full-time employees and expects more than £1.1 billion in gross efficiency savings in fiscal 2027.
LONDON (dpa-AFX) - Barclays PLC (BCS, BARC.L) said Thursday it plans to reduce its workforce by around 5000 full-time employees under a cost-efficiency program amid the AI boom. The lender expects gross efficiency savings of more than £1.1 billion in fiscal 2027. The announcement comes after…