Barclays to Cut 5,000 Jobs, About 5% of Workforce
Barclays says it is cutting about 5% of its workforce as it seeks to reduce costs and fund investment. The supplied report says artificial intelligence will help streamline operations.
British bank Barclays (BCS) is cutting 5,000 jobs, or about 5% of its workforce, as it employs artificial intelligence (A.I.) to help streamline its operations.In a statement, Barclays said that it is “structurally reducing the cost base to generate capacity for investment.”About 60% of the job cut…