Barclays India CEO Predicts Reduced Demand for Tech Resources Amid AI Advancements
Our demand for tech resources will fall in 3 years: Barclays India CEO & MD

Image: Business Standard
Praveen Kumar, CEO of Barclays India, forecasts a significant decline in the demand for external technology resources over the next three years, attributing this to increased employee productivity through upskilling. The company plans to hire at a slower pace as it enhances its internal capabilities, particularly in AI and data analytics.
- 01Barclays India operates global capability centers in Delhi NCR, Pune, and Chennai, each specializing in different services.
- 02The bank aims to shift its workforce ratio from 60:40 in favor of external resources to 80:20 internally, driven by productivity gains.
- 03Innovations from India, such as the use of QR codes, have led to a 20% reduction in call volumes for Barclays' US consumer bank.
- 04Barclays is establishing an applied AI center of excellence in Bengaluru, focusing on high-end specialist skills.
- 05Kumar emphasizes the need for strong leadership at the N-1 level in GCCs to drive transformation effectively.
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Praveen Kumar, the CEO and Managing Director of Barclays India, announced that the demand for external technology resources is expected to decline over the next three years. This shift is primarily due to the bank's focus on upskilling its employees and enhancing productivity. Currently, Barclays employs a ratio of 60% external to 40% internal resources, which Kumar anticipates will change to 80% internal as productivity improves. The bank's global capability centers (GCCs) in India, located in Delhi NCR, Pune, and Chennai, serve various functions, including finance operations and analytics. Notably, Barclays has implemented innovations such as QR codes in the US market, which have significantly reduced call volumes by 20%. To further bolster its capabilities, Barclays is establishing an applied AI center of excellence in Bengaluru. Kumar also pointed out the importance of strong leadership in GCCs, suggesting that effective transformation requires leaders at the N-1 level, which is often lacking in many centers. Overall, Barclays is positioning itself to leverage technology and enhance its operational efficiency in the coming years.
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The shift towards increased internal capabilities may lead to fewer job opportunities in the tech sector as Barclays reduces its reliance on external resources.
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