Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances
Source:
guardianTech
October 22, 2026 · 01:40
From the publisher
Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profitsBusiness live – latest updatesBarclays is cutting 5,000 jobs as part of wider cost-cutting 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. Continue reading...
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