BARCLAYS TO SLASH 5,000 JOBS IN AI-POWERED COST-CUTTING DRIVE

Summary from the TLDR Fintech newsletter

Barclays plans to eliminate roughly 5,000 positions, about 5% of its workforce, as automation and AI reduce support costs, with developers among the functions most affected. The bank has already cut around 1,000 roles and booked £201 million in third-quarter restructuring charges.