Business & Economy
Barclays cutting 5,000 jobs as it increases reliance on AI
Source: feeds.bbci.co.uk · Published
The bank says it is using more AI leading to a 5% reduction in its workforce.
The bank says it is using more AI leading to a 5% reduction in its workforce.
Related stories
Barclays cuts 5,000 jobs as profits jump ahead of looming bank tax; French bond yields hit fresh 24-year high – business live
UK bank says 1,000 job cuts already done with a further 4,000 to go before year end, driven by advances in AI, French risk premium over German bonds widest since 2011 While overall profits at Barclays jumped 12% to £2.3bn in the three months to September, analysts had expected an
Business | The Guardian ·
Barclays profits up 12% as UK banks brace for tax increase in budget
Lender gives further £500m to shareholders after reporting £2.3bn in pre-tax profits from July to September Business live – latest updates Barclays is cutting 5,000 jobs as part of wider cost-cutting plans that its bosses say are being driven by advances in AI. The job cuts will
World news | The Guardian ·
Children in care to get £10 a week savings
Eligible people in the care system will be able to access the savings once they turn 18.
feeds.bbci.co.uk ·
Woman 'scared to turn heating on' due to oil cost
Roslynn Garner-Gatley starts using a hot water bottle, bed socks and earlier bedtimes to stay warm.
feeds.bbci.co.uk ·
'I can't afford to heat my home on my pension'
Teresa Goubert says heating is "very expensive" and she was struggling on her pension.
feeds.bbci.co.uk ·