Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances
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This story was selected and curated by our editorial team in the AI (artificial intelligence) category. Published on October 22, 2026 • Originally reported by Kalyeena Makortoff Banking correspondent. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the AI (artificial intelligence) category. Published on October 22, 2026 • Originally reported by Kalyeena Makortoff Banking correspondent. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profits
Barclays is cutting 5,000 jobs as part of wider cost-saving plans that its bosses say are being driven by advances in AI.
The job cuts will mean losing about 5% of the bank’s 93,000 global staff, with executives confirming they had already cut 1,000 workers since the start of the year.
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