Barclays to cut 5,000 jobs as AI technology replaces support roles
Barclays (BARC.L) said it would cut around 5,000 jobs or 5 per cent of its workforce this year, as it uses technology such as AI to slash fixed costs and improve overall returns. The job cuts were revealed as Barclays reported third-quarter profit of £2.3 billion ($3.08 billion), up from a year ago but undershooting…
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