aceBarclays to cut 5,000 jobs this year as AI makes the bank more efficient
Barclays expects to cut about 5,000 jobs by the end of 2026, around 5% of staff, as AI and other technology cut costs. Most cuts hit support roles. Barclays expects to have cut around 5,000 jobs by the end of 2026, roughly 5% of its staff. The bank said artificial intelligence and other technology now let it do the same work with fewer people. The British lender gave the figure on Thursday along
Barclays expects to have removed about 5,000 positions, around 5% of its workforce, with most cuts falling on support roles, because AI and other technology let it work with fewer people.
The figure is an expectation for the end of 2026, and the AI link is the bank's own statement that combines AI with other technology; the excerpt does not separate AI's share or give further detail.
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- JournalismTNW2026-10-22
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Truvace Impact Record TRV-2026-2192, v1: “Barclays to cut 5,000 jobs this year as AI makes the bank more efficient.” Truvace, 2026-10-22. /record/TRV-2026-2192 (accessed at citation time). sha256 62ced436bdf2311f…
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