Barclays will cut 5,000 jobs, 5% of its staff, using AI to slash costs, with 60% in support roles such as developers. Q3 profit rose to 2.3B GBP but missed forecasts as fixed income fell 19%.

Barclays will cut 5,000 jobs, 5% of its staff, using AI to slash costs, with 60% in support roles such as developers. Q3 profit rose to 2.3B GBP but missed forecasts as fixed income fell 19%.
Reuters •
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