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Thursday 22 October
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Live story United Kingdom Technology

Barclays to cut 5,000 jobs this year as AI makes work more efficient

United Kingdom
The brief

The banking group said this is the equivalent of about 5% of all its employees, which totalled around 93,000 globally at the end of 2025. Some of the job cuts have already been made, and the others are expected by the end of this year Key points and original sources are listed below.

  • The banking group said this is the equivalent of about 5% of all its employees, which totalled around 93,000 globally at the end of 2025.S1
  • Some of the job cuts have already been made, and the others are expected by the end of this yearS2
Timeline · newest first
1h Punchng

Barclays bank to cut about 5,000 jobs amid AI drive

British bank Barclays has announced plans to cut around 5,000 jobs, or 5% of its global workforce, by the end of 2026 in an AI efficiency drive. : https://punchng.com/barclays-bank…

4h Standard

Barclays to cut 5,000 jobs this year as AI makes work more efficient

The banking group said this is the equivalent of about 5% of all its employees, which totalled around 93,000 globally at the end of 2025.

4h Manchestereveningnews

Barclays to cut 5,000 jobs by end of 2026 due to 'technology investments' as AI makes bank more efficient

Some of the job cuts have already been made, and the others are expected by the end of this year

Developing

Barclays to cut 5,000 jobs this year as AI makes work more efficient

4 outlets 4 reports
The brief

The banking group said this is the equivalent of about 5% of all its employees, which totalled around 93,000 globally at the end of 2025. Some of the job cuts have already been made, and the others are expected by the end of this year Key points and original sources are listed below.

  • The banking group said this is the equivalent of about 5% of all its employees, which totalled around 93,000 globally at the end of 2025.S1
  • Some of the job cuts have already been made, and the others are expected by the end of this yearS2
Timeline · newest first

Sources · 2 citations

S1 Standard 1 report · EN
S2 ManchestereveningnewsLead 1 report · EN
Investing 1 report · EN
Punchng 1 report · EN