CS Venkatakrishnan
Chief executive, Barclays
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“That is driving the bulk of the efficiency gains that you’ve seen so far. AI has an important role to play and may have a more important role to play in the future,”
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Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances
The Guardian reports that Barclays will cut about 5,000 jobs, around 5% of its 93,000 staff, as part of cost savings its executives link to AI. The chief executive says technology investment drove most gains; the Unite union calls AI an excuse.