Barclays Plans 5,000 Job Cuts as AI Push Reshapes Operations

Barclays plans to eliminate about 5,000 jobs this year as the British bank expands its use of artificial intelligence (AI) and technology to improve productivity and reduce costs, even as third-quarter profits rose. The reductions represent about 5% of the bank’s workforce, Barclays said Thursday (Oct. About 60% will affect support functions, including software […] The post Barclays Plans 5,000 Job Cuts as AI Push Reshapes Operations appeared first on PYMNTS.com .