Barclays plans to cut 5,000 jobs, or ~5% of its workforce, by the end of 2026 as part of AI-driven cost cutting, with ~60% coming from support and developers (William Shaw/Bloomberg)

1 hour ago 2

William Shaw / Bloomberg:
Barclays plans to cut 5,000 jobs, or ~5% of its workforce, by the end of 2026 as part of AI-driven cost cutting, with ~60% coming from support and developers — Barclays to Cut 5,000 Jobs as AI Starts to Create Efficiency — Video Player is loading. — Unmute — Current Time 0:00 Loaded: 69.77% Playback Rate

Read Entire Article