AI job threat: Barclays to slash 5,000 jobs in AI-powered cost-cut drive

Barclays said it is cutting around 5,000 jobs or 5% of its workforce this year, as it uses technology such as AI to slash fixed costs and improve returns. Lawrence White has more.

#News #Reuters #Newsfeed #barclays #artificialintelligence #jobcuts

Read the story here: https://reut.rs/4yHt6aT

👉 Subscribe: https://reut.rs/4b8fRGn

Keep up with the latest news from around the world: https://www.reuters.com/
Follow Reuters on Facebook: https://www.facebook.com/Reuters
Follow Reuters on X: https://twitter.com/Reuters
Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en