The brief
U.K. Barclays Plc said it’s cutting 5,000 jobs as part of an effort to reduce costs, adding that artificial intelligence is starting to create efficiency. Key points and original sources are listed below.
- U.K. banks Barclays said Thursday it plans to cut 5,000 staff, citing efficiency savings from AI.S1
- Barclays Plc said it’s cutting 5,000 jobs as part of an effort to reduce costs, adding that artificial intelligence is starting to create efficiency. Bloomberg's Charlie Wells breaks down the situation. (Source: Bloomberg)S2
