Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances

Source: www.theguardian.com · Section: business-tech · Bias: Left · Published: Thu, 22 Oct 2026 14:39:29 GMT

Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profitsBarclays 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. Continue reading...

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