Barclays to cut 5,000 jobs, citing AI-driven productivity
10/22/2026 — 10/22, 18:21·3 sources (all)·3 reports (all)
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- Barclays plans to cut about 5,000 full-time roles, roughly 5% of its global workforce including developers, according to The Guardian and Bu…
Barclays plans to cut about 5,000 full-time roles, roughly 5% of its global workforce including developers, according to The Guardian and Business Insider. Executives linked the cost-cutting to AI making staff more productive and confirmed 1,000 cuts since the start of the year. The news came alongside a rise in quarterly profit.
Latest turnBarclays expects to have cut around 5,000 jobs, about 5% of its staff, by the end of 2026, a figure it disclosed alongside third-quarter results. The British bank said AI and other technology now let it do the same work with fewer people, part of a wider shift among European lenders.
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Barclays expects to have cut around 5,000 jobs, about 5% of its staff, by the end of 2026, a figure it disclosed alongside third-quarter results. The British bank said AI and other technology now let it do the same work with fewer people, part of a wider shift among European lenders.
The Next WebAI score 63Barclays is cutting 5,000 jobs, about 5% of its 93,000 global staff, in a cost-cutting push executives say is driven by advances in AI, The Guardian reports; 1,000 roles have already gone since the start of the year. The cuts were announced alongside a jump in quarterly profits.
The Guardian · AIAI score 59Barclays is cutting about 5,000 full-time roles, roughly 5% of its full-time workforce, including developer positions, according to a Business Insider report citing an executive. The executive attributed the cuts to AI making the bank's people more productive.
Business Insider · TechAI score 56
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