Times of IndiaLean R·
Barclays to cut 5,000 jobs, cites AI efficiency; here's what employee presentation said
Barclays is initiating a plan to cut around 5,000 jobs primarily due to AI adoption and efficiency increases. The reduction includes about 1,000 positions already eliminated and 4,000 expected by 2026. As a result, the cuts will mainly impact support functions, including software developers, under their cost-saving program. Barclays continues developing its workforce despite the reductions, aiming for improved operational efficiency.
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