Barclays to Cut 4,000 More Jobs by December in AI-Linked Cost Push

Barclays is cutting roughly 5,000 roles, about 5 percent of its workforce, with some 4,000 due to leave by December. About 60 percent fall in support functions such as software development. The savings support technology investment, but the productivity gain AI is meant to deliver remains unproven…

Barclays to Cut 4,000 More Jobs by December in AI-Linked Cost Push