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Why is Barclays axing 5,000 jobs despite a 12% profit jump?
Source: invezz.com
Artificial IntelligenceCompany FundamentalsCorporate Guidance & Outlook
Barclays plans to cut about 5,000 jobs this year, roughly 5% of its 93,000-person global workforce. The UK bank said the reductions are part of a broader cost-cutting programme as it expands its use of artificial intelligence.
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