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Barclays announced it is cutting around 5,000 jobs, about 5% of its global workforce, as it increases its use of AI in business operations, with cuts expected to be completed by year-end. Unions criticized the move as using AI as an excuse to discard workers, while analysts noted broader implications for the banking industry.
Samsung announced the Galaxy Card, a credit card issued by Barclays on the Visa network, offering cash rewards with perks for Samsung device users, launching July 22.