Top headline: TUM Partners of Excellence, 12/5/2024
AI-generated image requested from Manus 1.6 Lite
Bottom headline: CNBC, 10/22/2026
Hugh Leask reports:
British lender Barclays has revealed plans to cut 5,000 jobs — about 5% of its total workforce — as part of an artificial intelligence-linked efficiency push.
In its third-quarter earnings statement Thursday, Barclays said it was “structurally reducing the cost base to generate capacity for investment.”
About 60% of the cuts are expected to be in support functions, including developers, according to the earnings presentation, which also noted an outcome was “organisational simplification and technology change efficiency driven by AI.”
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