Barclays on Thursday said it’s cutting 5,000 jobs, about 5% of its workforce, as the bank relies on artificial intelligence to perform back-office tasks.
Related stories
Woman 'scared to turn heating on' due to oil cost
New research tries to defuse the “China shock”
Brazil’s weird economy needs serious reform
Can Germany overhaul its economy before AfD grows stronger?
AI compute is the new oil—and needs a new market
Why a JPMorgan strategist says the stock market’s tailspin might have run its course