Barclays expects to cut about 5,000 jobs as part of AI-linked cost plans

Barclays expects to cut about 5,000 full-time jobs, around 5% of its 93,000 staff worldwide, as part of cost-cutting linked to advances in artificial intelligence. CFO Anna Cross said the expected reduction was part of its July-to-September results. The bank has already cut 1,000 workers since January.