Barclays to Cut 5,000 Jobs in A.I.-Driven Push to Lower Costs
The move is the latest illustration of a company saying it believes it can be more efficient with fewer workers because of artificial intelligence.
TL;DR
- Barclays plans to cut 5,000 jobs.
- The job cuts are driven by a push to lower costs.
- The company believes AI will enable greater efficiency with fewer workers.