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BY Jennifer Mattson

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The layoffs just keep coming: Barclays announced it is slashing 5,000 jobs, or about 5% of its workforce. It’s attributing the cuts to artificial intelligence, which the bank says has made its operations more efficient.

Of the 5,000 job cuts, 1,000 of the positions have already been eliminated, with another 4,000 layoffs scheduled by the end of this year. Many of those jobs are in developer and support roles.

As Fast Company recently reported, the AI Industry Exposure index, which identifies which industries are most exposed to potential AI disruption—i.e., job loss—found workers in finance and insurance had some of the highest levels of exposure.

“ We are positioning Barclays for the future, building the workforce and skills needed to deliver our strategy and meet the evolving needs of our customers and clients,” a Barclays spokesperson told Fast Company in a statement.…