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The Times of India·Business

Barclays plans 5,000 job cuts as AI boosts efficiency

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Barclays plans 5,000 job cuts as AI boosts efficiency

Barclays plans to remove about 5,000 roles as it uses artificial intelligence and other efficiencies to cut costs. Around 1,000 jobs are already gone, with 4,000 more expected by 2026, mainly in support teams including software development.

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