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Artificial Intelligence Barclays to cut 5,000 jobs as it uses AI to reduce costs
Barclays to cut 5,000 jobs as it uses AI to reduce costs

Barclays has announced it will cut around 5,000 jobs, or 5 per cent of its workforce, this year as part of a cost-cutting drive that relies on artificial intelligence and automation. The bank reported a 12 per cent rise in third-quarter profit but missed analysts' forecasts due to weak fixed income

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