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Why a global bank is slashing thousands of jobs — and what the Fed says about AI replacing workers

Barclays on Thursday said it’s cutting 5,000 jobs, about 5% of its workforce, as the bank relies on artificial intelligence to perform back-office tasks.

MarketWatchOctober 22, 20261 min read
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Why a global bank is slashing thousands of jobs — and what the Fed says about AI replacing workers

Barclays on Thursday said it’s cutting 5,000 jobs, about 5% of its workforce, as the bank relies on artificial intelligence to perform back-office tasks.

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📡 Verified Wire Agency Verified Resource & Provenance
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