British bank Barclays plans to cut 5,000 jobs (5% of its workforce) to save costs and improve efficiency through investments in artificial intelligence. About 1,000 jobs have already been cut.
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British bank Barclays has announced plans to cut 5,000 jobs, or 5% of its total workforce. The move is part of a program to save costs and improve efficiency through investments in artificial intelligence (AI).
As reported by Sky News (via FinFly), the bank said that about 1,000 jobs have already been cut, and the process will be completed by the end of the year. The cuts will affect staff worldwide.
Barclays had already cut about 1,000 jobs
Barclays announced plans to cut 5,000 jobs (5% of its workforce) as part of measures to save costs and improve efficiency through AI investments.
About 1,000 jobs have already been cut, and the process is expected to be completed by the end of the year.
Zeyni Jafarov. “Barclays to cut 5,000 jobs as it bets on AI”. FinFly.news, October 22, 2026. URL: https://finfly.news/en/it/barclays-cut-5000-jobs-ai
