AIBloomberg Techabout 2 hours ago
Barclays Cuts 5,000 Jobs for AI Push
1 min read
Barclays cuts 5,000 jobs, representing 5% of its 93,000 global staff, to save over £1.1bn by 2027. The bank adopts artificial intelligence across operations following third-quarter earnings that missed key estimates, with bond traders suffering the biggest slump on Wall Street during the quarter.
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