Why a global bank is slashing thousands of jobs — and what the Fed says about AI replacing workers

October 22, 2026 · 8:47 am 1 sources

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• Why a global bank is slashing thousands of jobs — and what the Fed says about AI replacing workers
  MarketWatch · October 22, 2026 08:47
  Barclays on Thursday said it’s cutting 5,000 jobs, about 5% of its workforce, as the bank relies on artificial intelligence to perform back-office tasks.