Barclays would shed 5,000 jobs, with the bank using more AI
The bank says using more AI will lead to a 5% reduction in its workforce, amounting to 5,000 jobs.
AI illustrationBarclays would shed 5,000 jobs, a reduction of 5% in its workforce, with the bank using more AI, news organisations reported on Thursday.
The British bank reportedly said the cuts would come by the end of 2026. According to reports, it put the figures at around 5,000 posts and roughly 5% of its staff worldwide. The bank also reportedly cited other technology alongside AI, with the aim of simpler operations and greater efficiency.