Barclays is cutting about 5,000 jobs as it uses more artificial intelligence, according to the BBC and the Guardian.

That is about 5% of the bank's global staff, the BBC and the Guardian reported. The Guardian said Barclays has about 93,000 workers. About 1,000 jobs have already been cut, and the rest are due by the end of this year, the BBC said.

About 60% of the cuts will fall in support roles, including developers, the BBC and the Guardian reported. The BBC said many of the cuts are expected in India, where some UK back-office work is done.

The cuts are part of plans to save more than 1.1 billion pounds in 2027, chief financial officer Anna Cross said, according to the Guardian.

Chief executive CS Venkatakrishnan said most of the savings come from big investments in technology, the Guardian reported. "AI has an important role to play and may have a more important role to play in the future," he said, according to the BBC and the Guardian. He called AI the "icing on the cake," the outlets reported.

Sharon Graham, head of the Unite union, said the bank was "using AI as an excuse to discard its loyal and long-suffering workforce," according to the BBC and the Guardian.

HSBC, Standard Chartered and Danske Bank have also flagged job cuts tied to AI this year, the BBC reported.

Barclays made a profit of 2.3 billion pounds in the three months to September, the BBC and the Guardian reported. The Guardian said that was up 12% from a year earlier. The BBC said it was a bit less than forecast.

The bank will also hand another 500 million pounds to investors, the Guardian reported. The UK budget on October 28 is expected to raise taxes on banks, the Guardian said. Venkatakrishnan said Barclays could absorb higher taxes, it reported.

What we know: Barclays plans about 5,000 job cuts, and about 1,000 are already done.
What we don't: How many of the cuts are directly due to AI.