Barclays to cut 5,000 employees this year

T2Covered by 1 source · first reported by Payments Dive / Banking Dive at 22 Oct, 16:23 UTC

Roughly 60% of the reductions are expected in “support functions,” including developers, as AI bolsters productivity, the bank said.

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Sources

• T2Barclays to cut 5,000 employees this yearPayments Dive / Banking Dive22 Oct, 16:23