Barclays to cut 5,000 jobs worldwide with AI
By the AFREEQUE newsroom, based on L’essentiel
British bank Barclays plans to cut around 5,000 jobs worldwide, or 5% of its workforce, as it integrates artificial intelligence. The announcement accompanied quarterly results showing a 13% rise in net profit to £1.65 billion, according to AFP.
The British bank Barclays plans to cut around 5,000 jobs worldwide, or 5% of its workforce, as part of its adoption of artificial intelligence, the bank announced on Thursday 22 October, according to AFP.
Barclays also reported net profit of £1.65 billion (about €2 billion) in the third quarter, up 13% year on year, according to its results.
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