Barclays to cut 5,000 jobs as it leans more on AI

Barclays is cutting about 5,000 jobs, around 5% of its global workforce, as it brings more artificial intelligence into its processes. The bank said 1,000 roles have already gone, with 4,000 more to go by year-end. Cuts focus on its UK retail bank, but a significant share is expected in India, where some UK back-office work is done.