Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
National
Nicholas Cecil

Barclays to axe 5,000 jobs in huge blow to City as AI replaces workers

Barclays has revealed its profits grew by more than a 10th in the third quarter (Joe Giddens/PA) - (PA Archive)

Barclays is planning to cut around 5,000 staff within months after increasing its use of artificial intelligence.

The job losses, which will be a blow to the City, are expected to happen this year as the bank turns to AI to make it more efficient.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.