Barclays announces plans to cut about 5,000 jobs
France 24 links the planned cuts to the bank’s use of artificial intelligence (AI) to reduce costs.
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France 24 links the planned cuts to the bank’s use of artificial intelligence (AI) to reduce costs.
Barclays announced plans on October 22 to cut about 5,000 jobs, roughly 5% of its workforce, France 24 reported. The announcement concerns planned reductions, not completed job losses.
France 24 linked the cuts to Barclays’ use of artificial intelligence to reduce costs. The locations and roles affected, and the timetable for carrying out the cuts, remain unclear.
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