Barclays Cuts 5,000 Jobs As AI Push Meets Weak Trading Results | Details
Barclays is planning to cut around 5,000 jobs by the end of 2026 as the British banking giant pushes to reduce costs and improve returns through greater use of artificial intelligence. The planned reductions come as CEO CS Venkatakrishnan faces pressure over the bank’s latest financial performance, with third-quarter profits rising year-on-year but falling short of analyst expectations. Watch.
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