Barclays layoffs today: Bank slashes 5% of workforce, attributing 5,000 job cuts to AI

The layoffs just keep coming: Barclays announced it is slashing 5,000 jobs, or about 5% of its workforce. It’s attributing the cuts to artificial intelligence, which the bank says has made its operations more efficient. Of the 5,000 job cuts, 1,000 of the positions have already been eliminated, with another 4,000 layoffs scheduled by the end of this year. Many of those jobs are in developer and support roles. As Fast Company recently reported, the AI Industry Exposure index, which id...