Markets

Barclays to slash 5,000 jobs in AI efficiency push

Summary

British lender Barclays intends to eliminate 5,000 positions across the organization. The banking institution attributes the upcoming job reductions to efficiency improvements driven by artificial intelligence.

U.K. banks Barclays said Thursday it plans to cut 5,000 staff, citing efficiency savings from AI.

Source: Read the full story at US Top News and Analysis

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