Barclays to cut 5,000 jobs by end of year after AI drive
The banking group said cuts affect about five per cent of all its employees
Summary from The Independent
How 4 outlets are covering it
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The GuardianBarclays cuts 5,000 jobs as profits jump ahead of looming bank tax; French bond yields hit fresh 24-year high – business live
UK bank says 1,000 job cuts already done with a further 4,000 to go before year end, driven by advances in AI, described as ‘icing on the cake’ by Barclays boss You be the chancellor: play our…
Read on The Guardian -
BBCBarclays cutting 5,000 jobs as it increases reliance on AI
The bank says it is using more AI leading to a 5% reduction in its workforce.
Read on BBC -
The GuardianBarclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances
Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profits Business live – latest updates Barclays is cutting 5,000 jobs as part of wider…
Read on The Guardian -
The IndependentBarclays to cut 5,000 jobs by end of year after AI drive
The banking group said cuts affect about five per cent of all its employees
Read on The Independent -
Sky NewsBarclays cutting 5,000 jobs in AI-led efficiency drive
Barclays has revealed it is cutting 5,000 jobs - 5% of its workforce - as part of efforts to save costs and drive efficiency through investment in artificial intelligence (AI).
Read on Sky News
