Barclays Bank to downsize global workforce by 5,000 to make way for tech

Britain's Barclays Bank announced plans Thursday to shed 5,000 jobs – equivalent to 5% of its global workforce – as part of a modernization drive using technology to streamline its business in readiness for a future where AI will play an increasingly important role. With 1,000 employees already gone, Barclays said the full reduction in headcount...