Barclays chief executive Antony Jenkins has suggested the growing automation of the banking system could result in massive job losses over the next ten years.
Sky News reports Jenkins made the comments during meetings with shareholders after the bank’s annual results last month.
Barclays currents employs about 140,000 staff, but Jenkins said he envisaged a future where the bank employed as few as 100,000. The report said Jenkins is understood to have discussed Barclays becoming a self-service focused company.
However, Barclays insiders told Sky News the ideas were ‘blue sky thinking about the long-term future’ and no formal target for job cuts had been set.
