Barclays ditches 5,000 jobs as ‘automation capabilities' improve

Barclays PLC (LSE:BARC) cut 5,000 jobs over the course of last year in a bid to reduce costs and as “technology and automation” improves. Marking the most substantial cuts at the bank since the 2008 financial crisis, reductions are said to have taken the form of both redundancies and vacancies, as per Sky News. Reductions were made across Barclays’ 84,000-strong global workforce, with about a quarter thought to have hit the bank’s UK operations. Barclays confirmed the cuts in a statement, explaining they we ...