LSE:BARCBanks
Barclays Job Cuts And AI Shift Set Against Valuation Discount
Barclays (LSE:BARC) is cutting dozens of London roles and moving many of them to India as part of a cost-cutting programme.
The bank is also increasing its use of artificial intelligence in operations as it reshapes how work is done across parts of the group.
These changes come during an ongoing period of leadership updates and board changes at the UK lender.
For you as an investor, this sits at the intersection of three big themes in banking: cost efficiency, offshoring and automation...