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Barclays to Cut 5,000 Jobs, Leveraging AI to Reduce Costs
1 day ago /
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Author：小编
Barclays Bank will cut approximately 5,000 positions, aiming to reduce costs through the use of artificial intelligence technology, becoming another major bank to downsize its workforce due to the penetration of new technologies into the banking sector. This round of layoffs accounts for about 5% of the bank's total workforce, with roughly 60% coming from support functions, including developers. Among these 5,000 positions, 1,000 had already been eliminated in the first half of the year. This move comes as part of Barclays' cost-control measures following the announcement of higher-than-expected expenses.
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