London | Barclays is cutting 5000 jobs to reduce costs through the use of artificial intelligence, the latest large lender to slash its workforce as the technology ripples throughout the banking industry.
The roles are equal to about 5 per cent of the London-based bank’s total headcount, with about 60 per cent of the reductions coming within support functions, including developers.
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Bloomberg
Read More: Barclays cuts 5000 jobs as bank sector adopts ‘AI at scale’
