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Thursday, October 22, 2026Updated 11:44 UTC

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

Source: MarketWatch · Oct 22, 2026 08:47 UTC

Rows of NASA Pleiades supercomputer racks at Ames Research Center — File photo NASA / Dominic Hart · Public domain · Source

The Quick Take

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.

Read the full story at MarketWatch

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