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

- Source: MarketWatch
- Published: 2026-10-22T08:47:00+00:00
- Category: Markets
- Original: https://www.marketwatch.com/story/why-a-global-bank-is-slashing-thousands-of-jobs-and-what-the-fed-says-about-ai-replacing-workers-9529b6ca?mod=mw_rss_topstories
- Canonical: https://groundlevelnews.com/story/why-a-global-bank-is-slashing-thousands-of-jobs-and-what-the-fed-says--39aea6/

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.

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