Barclays is cutting 5,000 jobs in an AI push

Image for article Barclays is cutting 5,000 jobs in an AI push
News Source : Business Insider

News Summary

  • Around 60% of the cuts will impact support functions, including developers.
  • Wall Street is grappling with how AI will impact head count for both back- and front-office roles.
  • Some executives have said they're looking for young people with sharp judgment and communication skills rather than just analytical brainpower, as AI places an even greater premium on client interactions.
Barclays is cutting around 5% of its workforce.KHemaz/GVN via Getty Images Barclays said its cutting 5,000 jobs, or 5% of its workforce, in an AI push.

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