Tag: barclays
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RecentAI-driven layoff plans at banks
“Barclays has revealed it is cutting five percent of its workforce – 5,000 people – and blaming crediting AI for it, even as it turns in a quarterly profit of £2.3 billion, up 12%.” Meanwhile: “ABN AMRO which announced plans to axe 5,200 jobs by 2028 and cited AI as the reason this would be…
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