aceBarclays to cut 5,000 jobs in AI-fuelled push to lower costs
Revenue from fixed income and currency trading fell 19% compared with a year earlier. Read more at straitstimes.com. Barclays said it is cutting 5,000 jobs, or about 5% of total headcount, as part of a “technology-enabled” effort to reduce costs as it adopts artificial intelligence across the bank. The bank reported third-quarter earnings on Oct 22 that missed seve
Barclays is eliminating about 5,000 positions, roughly 5% of its workforce, as part of a technology-enabled cost-cutting effort linked to AI adoption.
Evidence
- JournalismThe Straits Times2026-10-22
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Truvace Impact Record TRV-2026-2195, v1: “Barclays to cut 5,000 jobs in AI-fuelled push to lower costs.” Truvace, 2026-10-22. /record/TRV-2026-2195 (accessed at citation time). sha256 1b4ce19f6752a1eb…
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