? unverified
These actions involve an expected reduction of circa 5,000 full-time employees. Around 60% of the Group actions relate to support functions, including fewer developers as AI makes our people more productive.
Barclays’ own figure: about 5% of staff, subject to consultation, announced with profit up 12%. Its chief executive told reporters most of the gains came from years of technology investment, calling AI “the icing on the cake”. How many cuts AI caused is not stated.