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Barclays plans 5,000 job cuts by year-end amid AI push, 1,000 roles already gone

Barclays plans job cuts by yearend amid AI push roles already gone

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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Layoffs

The dismissal of employees by a company, usually for business reasons such as cost cutting rather than performance.

Large layoffs signal trouble in a company or industry and affect local economies.

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